STIPEND

Stipend

A stipend is a form of salary, such as for an internship or apprenticeship. It is often distinct from a wage or a salary because it does not necessarily represent payment for work performed; instead it represents a payment that enables somebody to be exempt partly or wholly from waged or salaried employment in order to undertake a role that is normally unpaid or voluntary, or which cannot be measured in terms of a task .

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stipend

Noun

  1. a fixed payment, generally small and occurring at regular intervals; a modest allowance
    My stipend for doing public service is barely enough to cover living expenses.

Verb

  1. To provide (someone) with a stipend.


The above text is a snippet from Wiktionary: stipend
and as such is available under the Creative Commons Attribution/Share-Alike License.

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