Definitions for token money
to·ken mon·ey

Princeton's WordNetRate this definition:0.0 / 0 votes

1. token moneynoun

   coins of regular issue whose face value is greater than their intrinsic value

WikipediaRate this definition:0.0 / 0 votes

1. Token money

   Token money, or token, is a form of money that has a lesser intrinsic value compared to its face value. Token money is anything that is accepted as money, not due to its intrinsic value but instead because of custom or legal enactment. Token money costs less to produce than its face value. A banknote, e.g. a five-pound note, is token money because despite its value being 5 pounds it only costs significantly less to produce. A gold coin is not considered token money. The Token money system has been adopted in many businesses around the world as an effective way to exchange value between companies and customers. Token money as a system is predominantly used in mobile games, but is also used in the realm of e-commerce. Token money is similar to fiat money which also has little intrinsic value, however they differ in that token money is a limited legal tender. The adoption of token money has improved transaction efficiency, as the practicalty of transacting with sums of gold poses a larger security risk. In a commodity economy, money is a measure of the value of goods and services (prices) within a sovereign country or the same economy, as well as a particular commodity to pay off debts. The token is also used as a medium of exchange, as a store of value, and as a unit of account. Digital currencies using decentralized blockchain technology are also a form of token money.

ChatGPTRate this definition:0.0 / 0 votes

1. token money

   Token money refers to a type of money whose intrinsic value is significantly less than its face value. The value placed on token money is imposed by the government and is typically composed of less expensive metals or materials. Examples include coins, banknotes, or digital currency used as a medium of exchange but carry a much nominal value than indicated.

WikidataRate this definition:3.0 / 1 vote

1. Token money

   Token money is money made from tokens of some form, as opposed to account money. Most modern coins used in circulation are token money, as are paper notes. Token money has a strong privacy feature in that it works as money without the intervention of any other party in each transaction between two parties. Privacy makes money safe from interference by more powerful third parties. Where property rights are not strong, privacy is required to protect assets and permit trade, and token money works well in this regime.

Matched Categories

1. • Money

How to pronounce token money?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say token money in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of token money in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of token money in Pythagorean Numerology is: 2

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=token money
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Token_Money
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=token money