Stipend

/ˈstaɪpend/
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Regular Support

Stipend often implies regular financial support for ongoing work, not a one-time payment.

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Her stipend arrived monthly while she conducted the research.
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Not a Wage

Unlike a salary, a stipend isn't always compensation for a job, but it can help with expenses.

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The internship offers experience and a small stipend to cover lunches.
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Taxable Income

Stipends may be taxable income in some contexts, so it's essential to be informed.

Illustration for Taxable Income
He set aside part of his monthly stipend for tax obligations.
Visual representation of the word "Stipend"

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