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Douglas Harper's Etymology Dictionary
money-bag

1560s, from money + bag (n.). Meaning "rich person" is from 1818. Related: moneybags.

Usage examples of "money-bag".

He was seen to draw his arms from beneath his selham, to hold both his money-bags against his breast, to plunge a hand into the necks of them, and fling handfuls of coins to the people.

The obscure schemers of ten years ago have become big financiers, intrenched behind their money-bags as behind an impregnable fort.