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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. [1913 Webster] 2. A fund or foundation for the maintenance of needy scholars in their studies; also, the sum given to the beneficiaries. [Scot.] [1913 Webster] 3. (Eccl.) An ornamental case of hold the corporal when not in use. --Shipley. [1913 Webster] 4. An exchange, for merchants and bankers, in the cities of continental Europe. Same as Bourse. [1913 Webster] 5. A kind of bazaar. [Obs.] [1913 Webster] She says she went to the burse for patterns. --Old Play. [1913 Webster]