The word "wallet" has been in use since the late 14 century to refer to a bag for carrying articles.Wallets were developed after the introduction of papper currency to the West in the 1600s.
Reast wallet(also called a "secretary wallet"): a wallet in which the banknotes are not folded. They are intended for men's breast pocket in a jacket, or for aFashion leather handbag. Breast wallets will often hold cheques and other monetary documents as they are too large for storage in a pants pocket.
Bi-fold wallet: a type of wallet in which the banknotes are folded over once. Credit cards and identification cards may be stored horizontally or vertically.
Tri-fold wallet: a wallet with two folds, in which credit cards are generally stored vertically.
Front pocket wallet(or money clip): a case with no currency compartment and very few pockets for cards. Usually banknotes are folded and held to the wallet with a metal clip.
Long wallet: a larger wallet usually worn with jeans, fastened by a chain, strap, or leather rein. Bills are held flat, and long wallets typically have a coin purse.
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