👉 Stipendiary, a Latin term derived from "stipendi," which means "to pay." In Latin, it refers to an allowance or payment for a person's services. The term was first used in the Roman Empire and has since been adopted by various cultures as a formal acknowledgment of service rendered. In the context of academia, stipendiums are typically awarded to students who have demonstrated exceptional academic performance, outstanding contributions to their field, or significant leadership roles within institutions. These payments
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What is the definition of Stipendiary? 🙋
👉 In accounting, a stipendiary is a salary or remuneration that is paid to an employee who has been employed for a specific period of time. This type of payment is often used in non-profit organizations where staff members are not recognized with regular salaries but receive a fixed amount every month. For instance, a hospital may provide stipendiaries to its employees who work on a part-time basis, while a school may also have stipendiary teachers who receive a fixed salary for their services.
