a thin, flat, folding case, often of leather, for carrying paper money in the pocket and with fewer compartments than a wallet.
wallet ( def 1 ).
Also called, especially British, notecase.

1890–95, Americanism; bill1 + fold1 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
billfold (ˈbɪlˌfəʊld)
(US), (Canadian) Also called (in Britain and other countries): wallet a small folding case, usually of leather, for holding paper money, documents, etc

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

1895, from bill (1) + fold, here perhaps short for folder.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
While she was inspecting the compartments in my billfold, her cell phone rang.
Mario pulled an old leather billfold out of the pocket of his jeans.
The suspect took her billfold and fled northbound on foot.
His billfold was in the home, and the home was not in disarray.
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