Vocab Bloom Hub

token payment

/ˈtəʊkən ˈpeɪmənt/

1 entry

phrase

/ˈtəʊkən ˈpeɪmənt/C1formallegal
  • ruНебольшой, символический платеж, совершаемый для признания долга или обязательства, часто используемый для поддержания юридического соглашения или демонстрации добросовестности, а не для полного удовлетворения финансовых требований.

A small, symbolic payment made to acknowledge a debt or obligation, often used to maintain a legal agreement or show good faith rather than to fully satisfy a financial requirement.

  1. Symbolic paymentB2formal

    A small payment made to show that a larger payment is due or to secure a contract, rather than representing the full value.

    ruСимволический платеж

    • The buyer made a token payment of $100 to reserve the property.
    • A token payment is often required to activate a subscription.
    • They accepted a token payment as a gesture of good faith.