Source : Webster's Revised Unabridged Dictionary (1913)

Bursary \Bur"sa*ry\, n.; pl. {-ries}. [LL. bursaria. See
   {Bursar}.]
   1. The treasury of a college or monastery.

   2. A scholarship or charitable foundation in a university, as
      in Scotland; a sum given to enable a student to pursue his
      studies. ``No woman of rank or fortune but would have a
      bursary in her gift.'' --Southey.

Source : WordNet®

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