Pronunciation: (wol'it, wô'lit), [key]
1. a flat, folding pocketbook, esp. one large enough to hold paper money, credit cards, driver's license, etc., and sometimes having a compartment for coins.
2. Chiefly Brit.a bag for carrying food, clothing, toilet articles, etc., during a journey; knapsack or rucksack.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.