From The Collaborative International Dictionary of English v.0.48:

Bursar \Bur"sar\, n. [LL. bursarius, fr. bursa purse. See
   Burse, and cf. Purser.]
   1. A treasurer, or cash keeper; a purser; as, the bursar of a
      college, or of a monastery.
      [1913 Webster]

   2. A student to whom a stipend or bursary is paid for his
      complete or partial support.
      [1913 Webster]
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