SuaviloquyToday’s word

stipend

Stipend, n.

Etymology: [L. stipendium; stips, gen. stipis, a gift, donation, given in small coin + pendere to weigh or pay out.]

Settled pay or compensation for services, whether paid daily, monthly, or annually.

1 other Webster entry under this spelling

Stipend, v. t.

To pay by settled wages. [R.]

Shades of meaning

Fernald has no entry of its own for stipend; he lists it under pay.

Where he writes about it:

Stipend has become exclusively a literary word. — from pay