13 hours 23 minutes ago #138392
by accountingbyte
what is a stipend
? A stipend is commonly a regular fixed payment normally made to interns, apprentices or trainees to help in covering basic living costs while in experience or schooling. A stipend is usually not as much as a salary, and is not as closely tied to the amount worked. Wages is not the rule in many educational institutions and non profit organizations. A stipend is meant to pay people who are learning new skills and providing good service while they train. In total, having this stipend allows participants to learn without financial hardship
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