stipend

A stipend is a fixed, regular payment, usually meant to pay for something specific. It's kind of like an allowance, but for grownups — a college scholarship might include a stipend each semester for books, for example.

Coming from the Latin stipendium, which means “tax, pay, or gift,” the noun stipend is defined as a regular, unchanging payment usually given as reward for services, but sometimes given as an allowance with no services or expectations attached. A summer internship that does not offer a full salary might instead include a weekly stipend that covers transportation and lunch costs. Synonyms include salary and payment.

DEFINITIONS OF: stipend

1

n a sum of money allotted on a regular basis; usually for some specific purpose

Types:
prebend
the stipend assigned by a cathedral to a canon
Type of:
regular payment
a payment made at regular times
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