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Glossary   >   C   >   "Carpetbagger" Definition            Carpetbagger Someone who becomes an account holder with a building society in the hope that they will benefit from a windfall handout when the building society demutualises (turns itself into a public company). Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Carpetbagger - Someone who becomes an account holder with a building society in the hope that they will benefit from a windfall handout when the building society demutualises (turns itself into a public company).