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The Collaborative International Dictionary
Stipendiate

Stipendiate \Sti*pen"di*ate\, v. t. [L. stipendiatus, p. p. of stipendiari to receive pay.] To provide with a stipend, or salary; to support; to pay.
--Evelyn.

It is good to endow colleges, and to found chairs, and to stipendiate professors.
--I. Taylor.

Wiktionary
stipendiate

vb. (context transitive English) To provide with a stipend, or salary; to support; to pay.