Stipend

Stipend,

Definition of Stipend:

  1. A fixed regular sum paid as a salary or allowance.

  2. A stipend allows an individual to pursue work that is normally unpaid by helping defray living expenses. Interns, apprentices, fellows, and clergy are common recipients of stipends. Rather than being paid for their services, they're paid stipends to provide financial support while engaged in the service or task. Often, a stipend includes other benefits, such as higher education, room, and board.

  3. A source of funds that is provided to an individual, such as through a scholarship, which allows the individual to pursue a particular interest, such as an internship. Stipends usually do not cover all expenses associated with the pursuit of the interest.

  4. A stipend is a predetermined amount of money that's paid to trainees, interns, and students to help offset expenses. Stipends are often provided to those who are ineligible to receive a regular salary in exchange for the duties they perform. A stipend is generally lower pay than a salary. However, the recipient of the stipend is able to gain experience and knowledge in a specific field.

Synonyms of Stipend

Account, Aid, Alimony, Allotment, Allowance, Annuity, Assessment, Assistance, Award, Bill, Blackmail, Blood money, Bounty, Compensation, Consideration, Depletion allowance, Dole, Earnings, Emolument, Fee, Fellowship, Financial assistance, Financial support, Footing, Grant, Grant-in-aid, Guaranteed annual income, Help, Hire, Hush money, Income, Initiation fee, Mileage, Old-age insurance, Pay, Payment, Pecuniary aid, Pension, Price support, Public assistance, Public welfare, Reckoning, Recompense, Relief, Remittance, Remuneration, Retainer, Retaining fee, Retirement benefits, Reward, Salary, Scholarship, Scot, Subsidization, Subsidy, Subvention, Support, Tax benefit, Tribute, Welfare, Welfare aid, Welfare payments, Salary, Wages, Wage, Pay, Earnings, Fee, Fees, Remuneration, Take-home pay, Gross pay, Net pay

How to use Stipend in a sentence?

  1. The rise was ‘three per cent - a percentage in line with the rise in stipends for all clergymen,’ he said.
  2. Stipends are not hourly-based pay and are often used by employers as a lower-cost option to pay interns.
  3. You should try and get a stipend if you can to cut down your costs and take advantage of a great oppurtunity.
  4. A stipend is a predetermined amount of money that's paid to trainees, interns, and students to help offset expenses.
  5. Stipends may be offered to researchers at academic institutions or to cover very specific types of costs and expenses.
  6. Did you receive a stipend for your over-due account on your college account? The stipend was for $120 and was able to be used for books.
  7. The college student had earned a stipend to conduct the research for his project that would have much use after school.
  8. Interns, apprentices, fellows, and clergy are also common recipients of stipends.

Meaning of Stipend & Stipend Definition