bagman noun bag·man | \ ˈbag-mən \
Definition of bagman
1 chiefly British : TRAVELING SALESMAN
2 : a person who on behalf of another collects or distributes illicitly gained money broadly : an intermediary in an illicit or unethical transaction
Bagman – A bagman (or bag man) is a person or paymaster designated to collect or distribute illicitly gained money (“dirty money”), such as bribes to public officials, or money that is collected in a criminal enterprise, such as a “protection racket” or in the running of a numbers racket.