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