Overhand knot with draw-loop
Encyclopedia
An overhand knot with draw-loop, is a knot
Knot
A knot is a method of fastening or securing linear material such as rope by tying or interweaving. It may consist of a length of one or several segments of rope, string, webbing, twine, strap, or even chain interwoven such that the line can bind to itself or to some other object—the "load"...

 in which the weight of the load the rope carries depresses the loop sufficiently to keep it in place until the load item is placed in its location. When no longer required the free end may be pulled and draw the loop through and so release the load.
The overhand loop is sometimes used as a slip knot
Slip knot
A slip knot is one of two different classes of knot. The most common are knots which attach a line to an object and tighten when tension is applied to the free end of the line...

, to form the loops of a truckers hitch, or as a stopper
Stopper (knot)
The term stopper knot has three distinct meanings in the context of knotting and cordage.-At the end of a line:A stopper knot is tied at the end of a rope to prevent the end from unraveling, slipping through another knot, or passing back through a hole, block, or belay/rappel device...

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