Stipend /ˈstī-pənd / noun

Definition: A stipend is a fixed payment for services or to offset more payments coming later. Often, interns and trainees get stipends to help them live while training. Be careful. Stipend recipients need to pay taxes, so set some of it aside for the IRS.

The U.S. government recognizes a handful of specific “stipends” for tax record purposes. For example, academic stipends where third parties often take an interest in the results.

Etymology: Latin for “wages” is “stips” sti-pend, Latin for “to pay” is “pendere.”

In a Sentence

The student deserves at least a small stipend for that archival work because it goes beyond the average cataloging process.

In recent years, there has been a case made for giving college athletes stipends for playing sports. These stipends are the least colleges can do for the millions of dollars college games bring in.

Upon further review, the court ruled the current stipend was not enough to match the amount of work required but did leave the door open for easy stipend adjustment should the parties reach a settlement.

Synonyms 

Salary, Wage

Antonyms 

Debt