BURSE, noun burs.
1. A public edifice in certain cities, for the meeting of merchants to consult on matters of trade and money, and to negotiate bills of exchange. This is the name used in many cities in Europe, but in England and America, such building is called an exchange. The new burse in Paris is one of the most elegant buildings in the city.
2. In France, a fund or foundation for the maintenance of poor scholars in their studies. In the middle ages, it signified a little college, or a ball in a university.