A bursary is strictly an office for a bursar and his or her staff in a school or college. A Bursar is a senior professional financial administrator in a School or University.
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. Money is anything that is generally accepted as Payment for Goods and services and repayment of Debts. Examples include:
- A scholarship granted to a student. A scholarship is an award of access to an institution or a financial aid award for an individual student scholar for the purpose of furthering their Education
- The prize for winning a competition, often in the arts. The arts is a broad subdivision of Culture, composed of many expressive disciplines.
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