One of the mysteries of the English language finally explained.
1Originally and chiefly US. A woman who collects or distributes the proceeds of illicit activities; a woman who organizes bribes for the police, civil authorities, etc.
2A homeless woman who carries her personal possessions in bags.
Mid 19th century (in an earlier sense). From bag + woman, in senses 1 and 2 after bagman.
bag woman/ˈbaɡ ˌwʊmən/
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