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Webster 1913 Edition

Noun.

;

pl.

Bagmen

A commercial traveler; one employed to solicit orders for manufacturers and tradesmen.

Thackeray.

See also: bag man

bagman ‎(plural bagmen)

(informal) A person who collects, transports, or distributes illicit money, especially for the purpose of bribery, extortion, or the making of other improper payments.
- 2006, James Graff, "In France, a Vintage Chirac Scandal is Uncorked," Time, 15 Sep.,
  The accused are only the latest in a string of alleged bagmen, vote-riggers and ward-heelers charged with wrongdoing.
Assistant to a police detective, most commonly in the British police force.
(Australia, slang) A bookmaker.