Meaning

noun a sum of money allotted on a regular basis; usually for some specific purpose

originThe noun is derived from Late Middle English stipend, stipende (“salary, wage”) [and other forms], from Old French stipende, stipendie, from Latin stīpendium (“contribution; dues; impost, tax; tribute; military pay or stipend; military service”), from *stipipendium, *stippendium, from stips (“alms; contribution, donation, gift”) (ultimately from Proto-Indo-European *steyp- (“erect; stiff”)) +…

Etymology from Wiktionary, CC BY-SA 3.0