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Originally Posted by cmyX5go
I've always considered a pocketbook a handbag. I don't really use the term purse. When I think of a purse, I think of my grandmother's change purse.
And that is the proper usage according to cmyx5go 
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In Florida it's purse, when I moved to NY I see everyone calling it a pocketbook. So I guess it depends where you are from.