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English definition of “stipend”

stipend

noun [C]     /ˈstaɪpend/ FINANCE
an amount of money that is paid regularly to someone, especially for work or training that is usually unpaid : An $80-a-month stipend covers each volunteer's personal expenses . In addition to their regular salaries , the coaches receive a stipend of up to $6,000 a year . an annual / monthly stipend
(Definition of stipend noun from the Cambridge Business English Dictionary © Cambridge University Press)
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