noun sti·pend \ˈstī-ˌpend, -pənd\

: a usually small amount of money that is paid regularly to someone

Full Definition of STIPEND

:  a fixed sum of money paid periodically for services or to defray expenses

Origin of STIPEND

Middle English, alteration of stipendy, from Latin stipendium, from stip-, stips gift + pendere to weigh, pay
First Known Use: 15th century

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite


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