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token money

 

Definitions from WordNet

Noun token money has 1 sense
  1. token money - coins of regular issue whose face value is greater than their intrinsic value
    --1 is a kind of
    money

Definitions from the Web

Term: Token Money

Description:

Token money refers to currency or coins that have little to no intrinsic value and are used as a substitute for real money. These tokens are often issued by a specific organization or establishment and can only be exchanged within its premises or for specific goods and services.

Senses:

Sense 1: Substitute Currency

In this sense, token money represents a form of substitute currency that serves as a medium of exchange. It holds value only within a specific context or limited area.

Sense 2: Casino Chips

In a casino or gambling setting, token money can refer to chips or tokens used as currency for betting purposes. These tokens are exclusive to the casino and cannot be used outside their premises.

Examples:

Example Sentence 1:

At the amusement park, visitors need to exchange their real money for token money in order to play the arcade games.

Example Sentence 2:

The local casino uses token money in the form of colorful chips, making it easier for patrons to place bets.

Example Sentence 3:

The event organizers issued special token money that could only be utilized for purchasing food and beverages from the designated vendors.

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