Token Money


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Related to Token Money: Quasi Money

Token Money

A currency with cash and coin that circulate in an economy. This contrasts with account money, which is used for accounting purposes but is not the money people actually use. For example, in 1999, the euro became the account money in many countries in the EU; that is, company books began to be kept in euros. However, it became token money in 2002, when euro notes and coins were first issued.
References in periodicals archive ?
However, a number of issues need to be addressed and resolved before electronic money enjoys the universality of currently used token money.
They ask them to deposit token money running into thousands rupees for securing the ownership rights of the plot.
Cantillon provides evidence that token money serves its purpose in the absence of government compulsion.
She said We are aware of price hikes and we have arranged this event as a token help or token money but it is first step just to give you an impression that we the parliamentarians are with you.
Following the success of last year's events, members of the public are invited to 'spend' token money on policing priorities as part of a police authority consultation exercise.
Last year's Wish token money assisted with transport costs and enabled us to purchase more music copies.
NICVD otherwise has been meeting all its requirements through donations raised by its board of trustees and token money generated through patients attended at private wards of the hospital.
ANP NFC Member Senator Haji Adeel said that they are asking for token money as compensation for the military operations in FATA.
Last year the U13s spent their token money on training equipment and football kits.
He said that the Prime Ministers announcement for token money to the cricket players was in recognition to their services.