What is the definition of a stipend?

Question

What is the stipend definition in simple terms? How does a stipend differ from a regular salary or wage, particularly for students, interns, or trainees?

Ashton Mercer · Answer

A stipend is a fixed amount of money paid regularly to support someone during an internship, training, apprenticeship, education, or similar period, rather than as a regular salary.

Jim · Answer

It can be described as the regular payments made to a person to help him/her financially for the time he/she is doing an internship or studying or being trained.

Adam · Answer

It refers to the monetary compensation that is offered periodically and on a permanent basis to support a person undergoing an internship or other form of training or education.

Answers