bag·man \ˈbagmən, -aag-, -aig-\noun (pluralbagmen) 1.chiefly Britain: traveling salesman < bagmen, who did not in those days aspire to the title of commercial travelers — Hugh McCausland > 2.slang: bag fox 3.Australia: tramp 1a, 1b 4.: a person who collects or distributes money usually illicitly on behalf of another (as in making payoffs or collecting bribes)