Definitions of purse:

• noun:   a small bag for carrying money
• noun:   a sum of money offered as a prize

  Example: "The purse barely covered the winner's expenses"

• noun:   a sum of money spoken of as the contents of a money purse

  Example: "He made the contribution out of his own purse"

• noun:   a bag used for carrying money and small personal items or accessories (especially by women)
• verb:   gather or contract into wrinkles or folds; pucker

  Example: "Purse ones's lips"

• verb:   contract one's lips into a rounded shape