A native deputy or viceroy in India. A governor of a province of the Mogul empire. Someone who returns to Europe from the East with great riches, hence, any man of great wealth (Webster's).
"The glorified spirit of a great statesman and philosopher dawdling, like a bilious old nabob at a watering place."
Thomas Macaulay, Critical and Miscellaneous Essays, Southey's Colloquium (1830).
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