token money

noun

Definition of token money

: money of regular government issue (such as paper currency or coins) having a greater face value than intrinsic value

First Known Use of token money

1889, in the meaning defined above

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The first known use of token money was in 1889

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Cite this Entry

“Token money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/token%20money. Accessed 4 Dec. 2020.

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