token payment

American  

noun

1. a small payment binding an agreement or acknowledging a debt.

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token payment British  

noun

1. a small payment made in acknowledgment of the existence of debt

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Example Sentences

"And all the Paris Club creditors, 17 of them, we will be making token payments to show that we want to be a good debtor."

From Reuters

Money was a problem: Even a token payment to a caretaker was difficult to raise.

From Literature

An officer later gave him a token payment of about $350, a fraction of his losses and medical expenses.

From New York Times

It’s simply a way to move on, with a token payment to the 318 retired players settling the legal score.

From Washington Times

But the wisdom of potentially substituting subscription revenue with one-time token payments wasn’t clear to Post executives.

From The Wall Street Journal