From Longman Dictionary of Contemporary Englishstipendsti‧pend /ˈstaɪpend/ noun [countable] formal MONEYEARNan amount of money paid regularly to someone, especially a priest, as a salary or as money to live on
Examples from the Corpus
stipend• The holder of the office should receive a small annual stipend and a grace-and-favour apartment in Admiralty Arch.• They draw stipends from the national federation and most players have apparel contracts.• They work full time during the summer, earning stipends of $ 170 a week.• He also introduced the Marlborough stipend system - but, unprecedently, for untried artists.• For much of his Mastership the stipend paid by the Company actually fell below the far from lavish £10 to only £9.• The stipend of the professorship is at present £34,467 perannum.• Nakamatsu got $ 20,000 in cash and a travel stipend.From Longman Business Dictionarystipendsti‧pend /ˈstaɪpend/ noun [countable]FINANCE an amount of money paid regularly to someone for their services, or as a small salaryThe holder of this office will receive a small annual stipend.Origin stipend (1400-1500) Latin stipendium, from stips “gift” + pendere “to weigh, pay” 