From The Collaborative International Dictionary of English v.0.48:

Burse \Burse\, n. [LL. bursa, or F. bourse. See Bourse, and
   cf. Bursch, Purse.]
   1. A purse; also, a vesicle; a pod; a hull. [Obs.] --Holland.
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   2. A fund or foundation for the maintenance of needy scholars
      in their studies; also, the sum given to the
      beneficiaries. [Scot.]
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   3. (Eccl.) An ornamental case of hold the corporal when not
      in use. --Shipley.
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   4. An exchange, for merchants and bankers, in the cities of
      continental Europe. Same as Bourse.
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   5. A kind of bazaar. [Obs.]
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            She says she went to the burse for patterns. --Old
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