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English definition of “carpetbagger”

carpetbagger

noun [C] uk   /ˈkɑː.pɪtˌbæɡ.ər/ us    /ˈkɑːr.pɪtˌbæɡ.ɚ/

carpetbagger noun [C] (POLITICS)

mainly US disapproving someone who tries to be elected as a politician in a place away from their home because they think there is a greater chance of succeeding there

carpetbagger noun [C] (MONEY)

UK disapproving someone who invests in a financial organization that is owned by its members, in order to make a profit if it is sold: Thousands of carpetbaggers have invested in the building society, hoping that it will become a public company.
(Definition of carpetbagger from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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