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English definition of “carpetbagger”

carpetbagger

noun [C] (MONEY)    /ˈkɑː.pɪtˌbæɡ.ər/ US  /ˈkɑːr.pɪtˌbæɡ.ɚ/ 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.Financial investments and the stock market
(Definition of carpetbagger noun (MONEY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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