Longman Dictionary of Contemporary English homepage

Topic: CRIME

Date: 1500-1600
Origin: swag 'to sway, hang down' (16-19 centuries), probably from a Scandinavian language

swag

noun
     
swag
1 [uncountable] old-fashioned informalSCC goods that someone has stolen [= loot]
2 [countable]DHTIM
a) a large piece of material that is hung above a window as decoration
b) a rope covered with flowers or fruit that is hung somewhere as decoration, or carved or painted on something
3 [uncountable] Australian English old-fashioned clothes and possessions that someone who is travelling on foot carries wrapped in a cloth
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