Question Author
Thank you all. Thanks Calibax for explaining the parsing too.
It was "market town" that confused me. I think market-town is a concept unique to UK.
I wonder if there should be someway to know that the grid entry is a foreign word.
From wiki:
Borgo is an Italian word (plural borghi), cognate with English borough, German Burg, French bourg, that usually means the new town outside the walls of an old town (the paese).
LIK: I am 6 hours behind your time, so you have nothing to apologize for.