Money clip has magnetic "closure".

Leatherette offers the look and feel of genuine leather at a fraction of the price. This richly textured, synthetic material resists water spots, cleans easily, and is durable enough for the rigors of daily use. The high quality workmanship of each leatherette piece is sure to impress every recipient with its elegant individuality. leatherette items can be personalized through laser engraving for a sharp contrast or direct printing for a full color effect.