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- DictionaryToken money
noun
- 1. money where the face value of notes or coins is unrelated to the value of the material of which they are composed.
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noun
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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 sig... Wikipedia