The term "Prebendary" is linked, linguistically, to "Prebend" - a form of stipend (clergyman's wage) drawn from specific sources in the estate of a cathedral or collegiate church. Both words are derived from the medieval Latin for "pension" - not to be confused with its more recent meaning as a welfare payment received in old age. Nowadays, however, a "Prebendary" is generally an honorary position. The payment disappeared as part of the Reformation, with only one church in Cornwall maintaining it.

Historically, Prebendaries were younger sons of the nobility, but now the title is bestowed on senior priests in recognition of their service, and is retained, notably, by the cathedrals of London, Lincoln, and Lichfield. They are entitled to special pews,known as "Prebendal Stalls" in the church or cathedral, and sometimes carry a ceremonial staff specific to their office. They still, nominally, form part of the Greater Chapter that elects a new bishop to a diocese, but in practice the Bishop is appointed by the Monarch, on the Prime Minister's recommendation.

The novelist, Anthony Trollope, made use of the word in his book "Barchester Towers".

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