Cutpurse /(kŭt"pûrs`)/

Cut·purse

Cutpurse

n.
  1. One who cuts purses for the sake of stealing them or their contents (an act common when men wore purses fastened by a string to their girdles); one who steals from the person; a pickpocket
    To have an open ear, a quick eye, and a nimble hand, is necessary for a cutpurse.