Meaning of the word stipend in English

What does stipend mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

stipend

US /ˈstaɪ.pend/
UK /ˈstaɪ.pend/

Noun

a fixed regular sum paid as a salary or allowance, especially to a trainee or student

Example:
The intern received a small stipend to cover living expenses.
The university offers a generous stipend to its PhD candidates.