Stipend definition in context with images and synonyms from the book, Vocabulary for the College-Bound Student. Learn the word, stipend, in short real context and improve your reading skills at the same time.
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a fixed and regular source of money or income, fixed pay for services, salary, wage, payment, remuneration, scholarship, pension, regular allowance, fixed salary paid to a clergyman or priest in the UK
A stipend is often offered to individuals as a fixed sum rather than an hourly wage or salary. This type of compensation is sometimes called an allowance and is normally provided on a daily, weekly, or monthly basis. Stipends are usually offered as compensation for training instead of salaries for employment purposes. That being said, it allows people to pursue work that is normally unpaid by helping defray living expenses.
Source of example: https://www.investopedia.com/
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