Online Encyclopedia

BOURSE (from the Med. Lat. bursa, a p...

Online Encyclopedia
Originally appearing in Volume V04, Page 334 of the 1911 Encyclopedia Britannica.
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BOURSE (from the Med. Lat. bursa, a purse), the French equivalent of the Stock Exchange, and so used of the Paris Exchange, or of any foreign money-market. The English form " burse," as in Sir Thomas Gresham's building, which was known as " Britain's Burse," went out of use in the 18th century, The origin of the name is doubtful; it is not derived from any. connexion between purse and money, but rather from the use of a purse as a sign. At Bruges a house belonging to the family de Bursa is said to have been first used as an Exchange, and to have had three purses as a sign on the front.
End of Article: BOURSE (from the Med. Lat. bursa, a purse)
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