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From The Collaborative International Dictionary of English v.0.48:
Purse \Purse\, v. t. [imp. & p. p. Pursed; p. pr. & vb. n. Pursing.] 1. To put into a purse. [1913 Webster] I will go and purse the ducats straight. --Shak. [1913 Webster] 2. To draw up or contract into folds or wrinkles, like the mouth of a purse; to pucker; to knit. [1913 Webster] Thou . . . didst contract and purse thy brow. --Shak. [1913 Webster]