allowance
Word family
Synonym discussion
Sense: noun/1
All five words name money handed out by an institution, but they differ in scope and tone. 'Allowance' is the everyday word for a recurring payment that helps cover a specific cost — a travel allowance, a meal allowance — and it sits comfortably in workplace and family contexts. 'Stipend' is more formal and usually goes to a student, intern, or clergy member; it implies modest support during training rather than a salary. 'Subsidy' is government money that lowers the price of a public good (farming, energy, public transport) — the recipient is often an industry, not a person. 'Grant' is normally a one-off award for a project, with conditions on how it must be spent. 'Benefit' refers to state welfare payments such as unemployment or housing benefit. So a graduate student might receive a stipend while their landlord receives a housing benefit, but neither of those would be called an allowance.
Common collocations
Etymology
Comes from Old French 'alouance', meaning praise or approval, which itself grew from the Latin verb 'allaudare' (to praise). In medieval English the word first meant the formal approval of an account or expense; from there it came to mean the sum of money that had been approved, and finally any fixed amount granted on a regular basis. The verb meaning 'to ration' is much later and now sounds old-fashioned.