token payment


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token payment

n
(Banking & Finance) a small payment made in acknowledgment of the existence of debt
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.token payment - a small payment made in acknowledgement of an obligationtoken payment - a small payment made in acknowledgement of an obligation
payment - a sum of money paid or a claim discharged
References in periodicals archive ?
Only a token payment has to be paid and it is a common practice in the UAE,' said the ex-finance minister.
The scumbag only received PS500 but even the token payment will turn the stomachs of taxpayers.
Most people probably first heard of blockchain as the underlying technology behind Bitcoin, a digital token payment system that in some ways is akin to cash," explained Wang.
The token payment, USD 10,000, was granted to those needy peoples in line with the State's leading role in supporting small countries.
The father-of-two agrees he paid her a token payment of PS8,000, saying he did not want her false allegations to come out or he would lose his teaching job in The Hague, with the prestigious international teaching organisation IBO.
She has also told the jury that after she got in touch with him to get him to own up to what he had done, he suggested paying her PS200,000 and made a token payment of PS8,000, which she destroyed in a garden fire.
Surely the first step is for academics in African universities to work for a token fee in their universities, to show their patriotism and accept the honour of representing their university as payment; then consultant doctors in African hospitals should work for the same token payment, and accept being remunerated by their work adding prestige to the hospital.
By analogy, for Sunstein and Thaler, motivating people to do something by paying them handsomely is not nudging them; but motivating them to do it through a token payment is a nudge (5).
I am extremely lucky and in no way resent paying a small token payment for this collection.
50 for what would cost more than $30 in the supermarket, a token payment but one that matters.
Mr Belhaj, who is also is also suing former British Foreign Secretary Jack Straw and ex-senior MI6 official Sir Mark Allen, is reported saying he wants an apology, an admission of liability and a token payment of '1 from each.
Today, Malaysia calls the token payment "cession," meaning payment made in exchange for the ceding of property rights.