Person or Paymaster
A bagman is a person or paymaster designated to collect or distribute illicitly gained 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. A bagman may also act as an intermediary in such transactions. “Bagman” is also a British term for a traveling salesman. The first known use of the term occurred in 1808.