What is a stipend?

A stipend refers to a fixed regular sum of money paid, typically as a salary or allowance, often provided to individuals for specific purposes such as internships, scholarships, or educational assistance. Unlike a standard salary that is typically associated with employment, stipends are often given to support individuals while they engage in activities such as studying or training, and they may not cover the full cost of living or expenses. This type of financial support is designed to help recipients focus on their work or studies without having to worry excessively about their financial obligations.

In this context, the other options represent different types of financial incentives or compensations that do not align with the definition of a stipend. For example, bonuses are contingent upon performance, while reimbursements are for expenses incurred, and incentives are specifically tied to achieving certain performance goals. These differences illustrate why the correct answer accurately reflects the nature of a stipend.