It is a lariat and is used to form a lasso.
A cowboys rope is often called a lariat.
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A lasso or throwing loop is also referred to as a lariat, riata, or reat. It is a loop of rope that is designed to be thrown around a target and tighten when pulled. It is a well-known tool of the American cowboy
To tie a loop in a rope securely and efficiently, you can use a simple method called the "bowline knot." Start by forming a small loop in the rope, then pass the end of the rope through the loop, around the standing part of the rope, and back down through the loop. Tighten the knot by pulling both ends of the rope. This creates a secure loop that will not slip or come undone easily.
The name given to the shape of a sagging rope supported at its ends is a catenary.
To tie a cinch knot with a rope, first make a loop with the rope. Then pass the end of the rope through the loop and around the object you are securing. Finally, pass the end of the rope through the loop again and tighten the knot by pulling both ends of the rope.
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To tie an overhand loop knot, make a loop with the rope and pass the end through the loop. Tighten the knot by pulling both ends of the rope.
Daisy chaining is when you tie up a rope a certain way for storage so that you will not damage the rope when it is not in use. You can make one by making a loop at one end of a rope, pulling a little bit of rope the the loop to form another loop, pull some rope through that rope to make another loop, and so on until the end when you pull the end of the rope completely through the last loop. If you do it right, you will be able to un-daisy chain the rope in one pull. The whole method is very convenient.
To tie a bowline hitch, make a small loop in the rope. Pass the end of the rope through the loop, around the standing part of the rope, and back down through the loop. Tighten the knot by pulling on both ends of the rope.