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

Coming from the Latin stipendium, which means β€œtax, 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

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

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