stipend

Short definition from Wiktionary

Noun

1. 1
   A regular fixed payment made to someone (especially a clergyman, judge, soldier, or teacher) for services provided by them; a salary.
2. 2
   Some other form of fixed (and generally small) payment occurring at regular intervals, such as an allowance, a pension, or (obsolete) a tax.
3. 3
   A scholarship granted to a student.
4. 4
   Money which is earned; an income.
5. 5
   A one-off payment for a service provided.

Verb

1. 1
   To provide (someone) with a stipend (an allowance, a pension, a salary, etc.).