wallet

"Wallet" is a straightforward word with a couple of closely related meanings. It mainly refers to a small item you carry every day, but it also has a figurative use you will often see in news and everyday conversation.

1nounsmall folding case for cards and money

A wallet is a small, flat folding case — usually made of leather or fabric — that you carry in your pocket or bag. You use it to keep your banknotes, credit cards, and ID cards organised and safe. Think of it as a personal mini-organiser for your money and cards.

everyday language · Modern, widely used

He pulled his wallet out of his back pocket to pay for the coffee.

She keeps her driving licence and bank cards in her wallet.

I left my wallet at home, so I couldn't buy anything.

2nounfigurativea person's available money

When people talk about 'the wallet', they often mean the amount of money someone has available to spend — not the physical object, but the financial power behind it. You will often hear phrases like 'hit your wallet' meaning something costs you a lot of money.

everyday language, business, journalism · Modern, widely used · figurative

Rising fuel prices are hurting the wallets of ordinary families.

The new tax will affect the wallets of middle-income workers.

Luxury brands target customers with deep wallets.

3noundigital wallet (app or online account for payments)

In modern technology, a 'digital wallet' or 'e-wallet' is an app or online account that stores your payment information so you can pay for things using your phone or computer — without needing a physical card or cash. The word 'wallet' was borrowed here because it serves the same purpose as a real wallet.

technology, finance · Modern, widely used

She paid for her groceries by tapping her phone — she uses a digital wallet.

You can store your credit cards and loyalty cards in a mobile wallet app.

Many online shops now accept payments through e-wallets.