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Beltway bandit

noun

Definitions

  1. A consulting or research company that mostly carries out work for US government…

    A consulting or research company that mostly carries out work for US government departments or agencies.

    • He worked for a beltway bandit firm, doing engineering work. He computed trajectories on missiles... that kind of thing.

  2. An employee of such a firm, especially a former employee of the firm's clients.

  3. A short-term money lender to contractors working for the US government but waiting for US…

    A short-term money lender to contractors working for the US government but waiting for US congressional appropriations.

    • [He] turned out to be what is called a "Beltway bandit," lending money at short-term high (but legal) rates to government contractors low on cash who are awaiting congressional appropriation funding.

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sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA