stipend
noun /ˈstaɪpend/
/ˈstaɪpend/
(formal)- an amount of money that is paid regularly to somebody, especially a priest, as wages or money to live on
- a monthly stipend
- (especially North American English) a summer internship with a small stipend
- The church pays him an annual stipend of $17 000.
Word Originlate Middle English: from Old French stipendie or Latin stipendium, from stips ‘wages’ + pendere ‘to pay’.