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 ?
The Karachi Stock Exchange (KSE) has sought approval from the Security and Exchange Commission of Pakistan (SECP) over its decision for exempting brokers' from depositing PkR 10 mn as token money in order to become eligible for shares trading.
However, a number of issues need to be addressed and resolved before electronic money enjoys the universality of currently used token money. Some of these issues are technological.
The apartment plots put up for sale are located in Sector G-11/1 and the Diplomatic Enclave and their token money was set as Rs30 million and Rs50 million respectively.
He stated he had paid Rs 22,00,000 as token money to the second party.
5000 as a token money to reduce the burden of loss of locals over killing of livestock, Waseem told reporter.
is given as token money. While filling the EMD cost in the online bid the bidder is required to fill the EMD cost for the ITEMS quoted as per requirement of Section IIIB Schedule of Requirement.
TTP leadership in Afghanistan had provided the terrorists in Punjab a huge amount of "token money" to hit the target with the rest promised after the attacks are carried out.It was also discovered on March 9 that a network had been launched to target the Pakistan Super League (PSL) matches being held in Lahore on March 20 and 21.
The Vice Chancellor awarded cash prize of Rs 500 each to the 15 gardeners as token money. Prof.
The move from the group is highly expected to yield better results from its flagship token Money Trade Coin that would prove beneficial to its investors.
He further said that he can pay the token money only if the SC intervenes in pending cases, but he won't be able to pay until the court allows sale of shares stuck in litigation, he said.
Higher level teaching assistant Suzanne Florence said: "We will spend the Wish Sport token money on specialist PE equipment to enhance the students' physical skills and help them participate in new sports and new experiences.
Besides a token money of Rs.2000month is being provided to the jobless youth as stipend till they get a decent job.