stipend

stipend definition - business

stipend

A regular payment, generally for services rendered. For example, an employee required to move to a new location may receive a stipend to cover six months of living expenses.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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