what is stipend
Stipend Law & Legal Definition. A stipend is a fixed sum of money paid periodically for services or to defray expenses. The fact that remuneration is termed a fee or stipend rather than salary or wages is immaterial.Wages are generally subject to employment taxes.Payment of stipends is made according to the policies of the governing entity.he fact that remuneration is termed a fee or stipend rather than salary or wages is immaterial. Wages are generally subject to employment taxes. Payment of stipends is made according to the policies of the governing entity.