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purse

1 purse /ˈpɚs/ noun
plural purses
1 purse
/ˈpɚs/
noun
plural purses
Britannica Dictionary definition of PURSE
[count]
US : a usually leather or cloth bag used by women for carrying money and personal things : handbag
chiefly British : change purse
[singular] : an amount of money that a person, organization, or government has available to use
[count] : an amount of money that is offered as a prize in a competition (such as a horse race, a golf tournament, or a boxing match)

purse strings

◊ A person, organization, or government that holds/controls the purse strings makes the decisions about how money is spent.
◊ When a person, organization, or government tightens the purse strings, less money is available for spending.
◊ When a person, organization, or government loosens the purse strings, more money is available for spending.
2 purse /ˈpɚs/ verb
purses; pursed; pursing
2 purse
/ˈpɚs/
verb
purses; pursed; pursing
Britannica Dictionary definition of PURSE
[+ object]
: to form (your lips) into a tight circle or line