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A stipend is a form of salary, such as for an internship or apprenticeship.tipend has a specific, different, use in the Church of England, meaning the salary of a stipendiary minister, one who receives payment directly from the diocese (as opposed to other forms of disbursement such as free use of a house in return for clerical duties, known as house-for-duty).
Usually, interns that are paid with stipends are paid on a set schedule associated with the organization. Another type of internship growing in popularity is the virtual internship, in which the intern works remotely, and is not physically present at the job location.