Definition of “purse” - English Dictionary

“purse” in British English

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pursenoun

uk /pɜːs/ us /pɝːs/

purseverb [ T ]

uk /pɜːs/ us /pɝːs/

(Definition of “purse” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“purse” in American English

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pursenoun [ C ]

us /pɜrs/

purse noun [ C ] (BAG)

a bag, often with a handle or a strap going over the shoulder, used esp. by women for carrying money, keys, and small personal items such as makeup; a pocketbook

purse noun [ C ] (AMOUNT OF MONEY)

an amount of money offered as a prize in a sporting competition, or the total amount of money available for spending:

Yesterday’s race had a purse worth over $100,000.

purseverb [ T ]

us /pɜrs/

purse verb [ T ] (MOVE LIPS)

to bring your lips tightly together so that they form a rounded shape:

She pursed her lips and said nothing.

(Definition of “purse” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“purse” in Business English

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pursenoun [ C ]

uk /pɜːs/ us FINANCE

[ usually singular ] the total amount of money that a person, organization, or government has available to spend:

Having a lot of people out of work places a large drain on the public purse.
The motor company sought to sell 'a car for every purse'.

an amount of money that is offered as a prize in a sports competition:

The sponsorship deal includes a €10,000 purse for the winner of the tournament.
hold/control the purse strings

to be in charge of a family's or organization's money and responsible for deciding what it will be spent on:

She is the typical Japanese housewife who controls the family's purse strings.
loosen the purse strings

to spend more money or to allow people to have or spend more money:

He might even persuade the board to loosen the purse strings.
tighten the purse strings

to spend less money or to allow people to have or spend less money:

When a company needs to tighten the purse strings, outside labor is the first to get cut.

(Definition of “purse” from the Cambridge Business English Dictionary © Cambridge University Press)