Source : Webster's Revised Unabridged Dictionary (1913)

Stipulation \Stip`u*la"tion\, n. [L. stipulatio: cf. F.
   stipulation.]
   1. The act of stipulating; a contracting or bargaining; an
      agreement.

   2. That which is stipulated, or agreed upon; that which is
      definitely arranged or contracted; an agreement; a
      covenant; a contract or bargain; also, any particular
      article, item, or condition, in a mutual agreement; as,
      the stipulations of the allied powers to furnish each his
      contingent of troops.

   3. (Law) A material article of an agreement; an undertaking
      in the nature of bail taken in the admiralty courts; a
      bargain. --Bouvier. Wharton.

   Syn: Agreement; contract; engagement. See {Covenant}.

Stipulation \Stip`u*la"tion\, n. [See {Stipule}.] (Bot.)
   The situation, arrangement, and structure of the stipules.

Source : WordNet®

stipulation
     n 1: (law) an agreement or concession made by parties in a
          judicial proceeding (or by their attorneys) relating to
          the business before the court; must be in writing unless
          they are part of the court record; "a stipulation of
          fact was made in order to avoid delay" [syn: {judicial
          admission}]
     2: an assumption on which rests the validity or effect of
        something else [syn: {condition}, {precondition}]
     3: a restriction that is insisted upon as a condition for an
        agreement [syn: {specification}]