A bra and panties match is so named because it takes place between any amount of female competitors with the winner being the first to strip her opponent down to her bra and panties.
WWE WrestleMania 21 (Game) - Giant Bomb
Professional wrestling match types - Wikipedia
Nikki Bella vs Eva Marie, TLC Bra & Panties Match
Professional wrestling match types - Wikipedia
How to Be the Only Girl on the Wrestling Team (School)
WWE Day of Reckoning 2 (Video Game 2005) - IMDb
WWE 2K17 UNCUT Bra and Panties match - KING's Angel vs Victoria
Women in WWE - Wikiwand
5 Former WWE Women who never wrestled a match for the company