common purse

Meanings:

• 1.

  Globalneutralformal
  • A fund or pool of money held jointly by a group, organization, or community for shared expenses or common purposes.
  • The collective treasury of an institution, household, or association from which payments for communal needs are drawn.

• 2.

  Globalhistoricalliterary
  • A traditional or historical term for communal property or resources managed for the benefit of a defined group.