Stipend
A regular fixed sum of money paid to defray expenses, such as for scholarship
Real World Example
In Ancient Greece, a stipend was often provided to citizens who participated in public services or attended the assembly, ensuring that even those who were not wealthy could participate in democratic processes. This was important because it allowed a broader segment of the population to engage in civic duties, promoting a more inclusive society. The concept responded to the problem of economic disparity that could prevent poorer individuals from participating in government or military roles. Today, stipends are still used in various forms, such as scholarships for students or allowances for interns, helping individuals afford education or gain work experience without financial strain. For example, a college student receiving a stipend for an internship can focus on learning and contributing without worrying about how to pay for transportation or meals, enabling them to gain valuable experience and skills.
