bursary n : the treasury of a public institution or religious order

English

Noun

bursary

1. a monetary award to university students that allows them to continue their studies
2. the treasury of a religious order or public institution

Related terms

• bursar

A bursary is strictly an office for a bursar and his or her staff in a school or college.

In modern English usage, the term has become synonymous with "bursary award", a monetary award made by an institution to an individual or a group to assist the development of their education or research, intended to cover course related costs such as books, equipment, travel and study aids. Examples include:

• A scholarship granted to a student.
• The prize for winning a competition, often in the arts.