Collins Concise English Dictionary © HarperCollins Publishers::

privy purse n (often capitals)
  1. (in Britain) an allowance voted by Parliament for the private expenses of the monarch: part of the civil list
  2. an official of the royal household responsible for dealing with the monarch's private expenses
    Full name: Keeper of the Privy Purse

'privy purse' also found in these entries:
In the English description:

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