carpetbagger - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “carpetbagger”

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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 from the Cambridge Business English Dictionary © Cambridge University Press)
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