token payment

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Definitions from WordNet

Noun token payment has 1 sense

token payment - a small payment made in acknowledgement of an obligation
--₁ is a kind of payment

Definitions from the Web

Token Payment

Noun:

A small or symbolic payment made to show good faith or as a formality.

Example Sentences:

He received a token payment for his contribution to the magazine.
The company offered token payments to the employees affected by the layoffs.

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