Usually means: Private funds for royal expenses.
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We found 15 dictionaries that define the word Privy Purse:

General (14 matching dictionaries)
  1. privy purse: Longman Dictionary of Contemporary English
  2. privy purse, the privy purse: Merriam-Webster
  3. privy purse: Oxford Learner's Dictionaries
  4. privy purse: Collins English Dictionary
  5. privy purse: Vocabulary.com
  6. privy purse: Wordnik
  7. Privy Purse: Wiktionary
  8. privy purse: Infoplease Dictionary
  9. Privy purse, privy purse: Dictionary.com
  10. Privy Purse, Privy purse: Wikipedia, the Free Encyclopedia
  11. privy purse: Rhymezone
  12. privy purse: FreeDictionary.org
  13. privy purse: Mnemonic Dictionary
  14. privy purse: TheFreeDictionary.com

Computing (1 matching dictionary)
  1. privy purse: Encyclopedia

(Note: See privy_purses as well.)

Definitions from Wiktionary (Privy Purse)

noun:  (British) The amount of money the monarch may use for private or personal expenses
noun:  (British) A member of the office which deals with the monarch's finances.

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