Definitions
- Referring to a regular amount of money given to someone, often a child, by a parent or guardian for personal expenses. - Talking about a specific amount of money allocated for a particular purpose or expense, such as a travel allowance or housing allowance. - Describing a concession or tolerance given to someone, such as an allowance for mistakes or errors.
- Referring to a fixed amount of money paid to someone, often a student or intern, for a specific period of work or study. - Talking about a regular payment given to someone, such as a member of the clergy or a research fellow. - Describing a salary or compensation package that includes various benefits and allowances.
List of Similarities
- 1Both refer to a specific amount of money given to someone.
- 2Both can be regular or one-time payments.
- 3Both can be used for personal expenses or to cover specific costs.
- 4Both are forms of compensation or financial support.
- 5Both are typically predetermined amounts.
What is the difference?
- 1Purpose: Allowance is often given for personal expenses, while stipend is typically given for work or study-related expenses.
- 2Duration: Stipend is usually a fixed amount for a specific period, while allowance can be ongoing or for a shorter duration.
- 3Recipients: Allowance is often given to children or dependents, while stipend is usually given to students, interns, or professionals.
- 4Amount: Stipend is usually a larger amount than allowance.
- 5Connotation: Stipend is associated with a more formal and professional tone, while allowance is more casual and informal.
Remember this!
Allowance and stipend both refer to a specific amount of money given to someone, but they differ in their purpose, duration, recipients, amount, and connotation. An allowance is often given for personal expenses, is typically ongoing, and is associated with a more casual tone. A stipend, on the other hand, is usually given for work or study-related expenses, is usually a fixed amount for a specific period, and is associated with a more formal tone.
