pensionado

noun
pen·si·o·na·do | \ ˌpen(t)sēəˈnä(ˌ)dō \
plural -s

Definition of pensionado 

: a Philippine student whose expenses are paid by the government while he studies aboard

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History and Etymology for pensionado

Philippine Spanish, from Spanish, pensioned, from past participle of pensionar to pension, from pensión pension, from Latin pension-, pensio payment

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occurring twice a year or every two years

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