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Wiktionary
rent-a-cop

n. (context colloquial derogatory English) a private security guard.

Wikipedia
Rent-a-Cop (film)
This is an article about the movie. For the use of Rent-A-Cop as a nickname see Security guard.

Rent-a-Cop is a 1987 American comedy crime film starring Burt Reynolds and Liza Minnelli. Reynolds plays a disgraced police officer, now working as a security guard, who falls in love with Minnelli, who plays a prostitute.

The film saw both lead actors to be nominated for the 1988 Golden Raspberry Awards for Worst Actor and Worst Actress. (These nominations were not solely on the merits of Rent-a-Cop, however; Reynolds and Minnelli were also cited for Switching Channels and Arthur 2: On the Rocks, respectively). Minnelli ended up "winning" the Worst Actress prize.

The film earned under $300,000 in American ticket sales. Initially released on 26 November 1987 in West Germany, its American premiere came two months later on 15 January 1988. Although set in Chicago, the movie was mostly filmed in Italy.

Usage examples of "rent-a-cop".

Unless, in full view of the NYC minicams, they wanted to send rent-a-cops clambering over their own fences, or chop them up with boltcutters.

The emigrant colony’s police force, or the larger and more efficient squads of the cable monopoly’s rent-a-cops, must have swept through in the last couple of days-either to restore public decency or, more likely, to keep their captive audience hooked to the video wire rather than fuguing off into religious visionary trips.

MaxSec didn't have any masterclass heads on its payroll, but the operant rent-a-cop outside Jack's door would be able to hear if the child called for help telepath­ically.