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 ?
We expect the exemption of token money deposits, if approved by the SECP, would be a major relief to stock brokers, facing severe liquidity concerns due to subdued market activity.
However, a number of issues need to be addressed and resolved before electronic money enjoys the universality of currently used token money.
Here the focus will be on the free market economy where small change or token money is a medium of exchange that need not be backed by reserves even though it is deficient in its intrinsic value of metal relative to the medium of exchange.
Nearly 900 people were asked how they would divide the police budget if they were in charge and given pounds 120 of token money to split on seven priorities.
Hours after Narendra Patel was welcomed into BJP, he appeared in a press conference with wads of cash and said he was offered Rs one crore and given Rs 10 lakh as token money by BJP, to switch over to the ruling party in poll-bound Gujarat.
A team of the department raided the office of tehsildar and arrested the accused Ijaz besides recovering Rs7000 which he has received as token money.
Police arrested the kidnapper identified as Raheem Ullah belonging to Nowshera Attock while recovering token money received by the victim's family.
Appealing for readers to send Grangetown Under 12s their tokens Amanda said they had raised money through the campaign previously adding: "We used the wish token money to pay for the players to go to Cleethorpes football tournament and to give the players spending money.
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.
It (Wish Sport) would mean that we would be able to buy things for the team that we would struggle to buy without receiving wish token money, and we are very grateful for the Wish token campaign.
He said that the through-forward funds had been increasing day by day due to allocation of token money for ongoing projects in Balochistan and advised to arrange for release of funds lump sum.
The civic body had offered 56 commercial plots for auction, but only 24 were auctioned while the 9 bidders left the auction process even forfeiting their token money.