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Borough has the meaning of 'town' (or 'fortified town' or 'fortress' in earlier usages)

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http://www.etymonline.com/index.php?term=borough

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I would assume that Goldsborough would mean "Gold's Borough" - that is, the town or fortress belonging to someone named Gold.

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Where is the name used?

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♦ Chrisell ♦

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All we have to decide is what to do with the time that is given us. - J.R.R. Tolkien.