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token payment

American

noun

a small payment binding an agreement or acknowledging a debt.

token payment British

noun

a small payment made in acknowledgment of the existence of debt

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From New York Times • Mar. 9, 2021

After years of fighting for compensation and acknowledgment of the crime, Tolan had to settle for a token payment and no apology.

From Washington Post • Feb. 9, 2018

In 2006, following a campaign calling for the case to be thrown out, the company agreed to accept a token payment of less than $1.

From The Guardian • Jun. 10, 2015

Gox for a token payment of one bitcoin, or about $400.

From Reuters • Apr. 11, 2014

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

From "Endgame" by Frank Brady

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023