token payment

noun

Definition of token payment

: a very small payment made upon a debt and intended by the payer merely to acknowledge the existence of the obligation

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Dictionary Entries Near token payment

token money

token payment

token sheet

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Cite this Entry

“Token payment.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/token%20payment. Accessed 7 Dec. 2021.

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