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Origin and history of stipend
stipend(n.)
early 15c., "periodical payment, wage, salary; soldier's pay," from Latin stipendium "tax, impost, tribute," in military use "pay, salary," from stips "alms, small payment, contribution of money, gift" + pendere "to hang, cause to hang; weigh; pay" (from PIE root *(s)pen- "to draw, stretch, spin").
The first element apparently is related to Latin stipula "stalk, straw, reed." De Vaan writes, "The noun stip- must have developed from a concrete object that was used for payments, but the nature of the object is unknown: a certain stalk of a plant? a measure of com? Since the root meant 'to be stiff, erect', the meaning 'stalk' is attractive."
That could connect it to stipes "log, stock, trunk of a tree" (see stipe) and ultimately to the source of English stiff (adj.). For financial use of Latin pendere, compare pound (n.1). As a verb from late 15c., "pay by settled wages."
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