A payment; a tribute; something paid or given.

A stated allowance to a person in consideration of past
services; payment made to one retired from service, on account of age,
disability, or other cause; especially, a regular stipend paid by a
government to retired public officers, disabled soldiers, the families
of soldiers killed in service, or to meritorious authors, or the like.

A certain sum of money paid to a clergyman in lieu of
tithes.

A boarding house or boarding school in France, Belgium,
Switzerland, etc.

To grant a pension to; to pay a regular stipend to; in
consideration of service already performed; – sometimes followed by
off; as, to pension off a servant.