Definition of "lota"
A pot; specifically a container filled with water used in India, for washing and ablution.
A person that switches loyalties, especially from one political party to another. This comes from the fact that the "lota" has a tendency to fall over and roll around, as it is not stable sitting on its base.
Slurry, also used as an insult.
A person who is employed by a for-profit institution despite having a high net worth derived from managing a family-owned business.