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English definition of “carpetbagger”


noun [C]     /ˈkɑːpɪtˌbæɡər/
US disapproving POLITICS a politician who runs for election in a place where he or she does not live or has only lived for a short time : People do not want interference from here today, gone tomorrow , political carpetbaggers.
UK disapproving BANKING a person who joins a mutual organization (= one that is owned by its members rather than by shareholders ) hoping that it will become a company with shares and pay its members to agree : The building society is finalizing its defence against carpetbaggers who have forced a demutualization vote .
(Definition of carpetbagger noun from the Cambridge Business English Dictionary © Cambridge University Press)
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