token-moneyn.
a. Christian Church. The payment made or contribution given (by way of Easter Offering) by persons on receiving their token that they were duly prepared to make their Easter communion.See token n. 10b, and Churchwardens' Accts. St. Martin in the Fields 37 note.
ΘΚΠ
society > faith > worship > benefice > other financial matters > [noun] > collection > at Easter
token-money1546
1546 in J. V. Kitto Accts. Churchwardens St. Martin in the Fields (1901) 101 In primis Receued and gatherd of the Paryshyons ffor the pascall and tokyn money at Easter in the Church xlis. vjd.
1564 in J. V. Kitto Accts. Churchwardens St. Martin in the Fields (1901) 216 It'm Receyued the ixth of Aprile 1564 for the halfe of the token monneye at Easter xxvjs viijd.
1572 in T. Wright Churchwardens' Accts. Ludlow (1869) 153 Imprimis receaved of the parishenars for the token money at Easter..xlij s.
1573 in T. Wright Churchwardens' Accts. Ludlow (1869) 156 Receavede at Easter of token money..xlv s. x d.
1611 in J. Nichols Illustr. Antient Times Eng. (1797) 29 Received for the token-money for the whole year, ended the 11th day of May, 1611 £6. 5.
b. Private tokens (token n. 11) issued by a trader or company to serve as a fractional currency and temporary medium of exchange between trader and customer; so token-proprium (token n. Compounds 2).
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society > trade and finance > money > medium of exchange or currency > other mediums of exchange > [noun] > token used in place of coin > issued by trader or company
token-proprium1716
trader1776
token-money1890
1890 Pall Mall Gaz. 9 Jan. 3/3 He has also grocery and provision stores all along the line, and pays all his employés in token-money which he mints himself—probably the most gigantic truck system which ever existed.
1900 M. Phillips (title) The Token-Money of the Bank of England, 1797 to 1816.
c. State coinage of money not having the intrinsic value for which it is current, but bearing a fixed value relative to gold coin, for which it is exchangeable.
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society > trade and finance > money > medium of exchange or currency > [noun] > types of currency
soft currency1837
fiat-money1880
token coinage1881
token-money1889
token currency1893
monopoly money1895
hard currency1940
soft currency1940
reserve currency1950
petrocurrency1974
cryptocurrency1991
commodity dollar1998
1889 Spectator 9 Nov. 641/2 They [gold and silver] perform different functions, and it is this fact which enables a State to use one of them as token-money, the demand for it practically neither rising nor falling according to its price, nor according to the activity of trade.
1892 Pall Mall Gaz. 22 Dec. 2/3 The remedy lies not in increased use of token money, but in providing in gold-using countries a second currency for silver.
This entry has not yet been fully updated (first published 1912; most recently modified version published online June 2019).
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n.1546