a periodic payment, esp. a scholarship or fellowship allowance granted to a student.
2.
fixed or regular pay; salary.
Origin: 1400–50; late ME stipendie < L stīpendium soldier's pay, syncopated var. of *stipipendium, equiv. to stipi-, comb. form of stips a coin + pend(ere) to weigh out, pay (see pend) + -ium-ium
[stahy-pend] 
pɛnd