token money

• Término histórico que designa monedas o divisas cuyo valor nominal supera el valor intrínseco del material del que están hechas, a menudo emitidas por entidades privadas o como sustituto de la moneda oficial. En el uso moderno también puede referirse a los tokens digitales empleados en sistemas en línea o redes blockchain.

A historical term referring to coins or currency that have a face value higher than the intrinsic value of the material they are made from, often issued by private entities or as a substitute for official currency. In modern usage, it can also refer to digital tokens used in online systems or blockchain networks.

1. Currency with limited intrinsic valueC1formal

   Money whose face value exceeds its intrinsic value as a commodity, typically used for small transactions or as a substitute for standard currency.

   dinero fiduciario de valor limitado

   • Token money, like coins made from base metals, is widely used in vending machines.
   • The government issued token money for use in public transport systems.
   • Historically, token money was often used in times of coin shortage.

2. Symbolic paymentB2formal

   A small amount of money paid as a symbolic gesture rather than as full compensation.

   pago simbólico

   • The landlord accepted a token money payment as a deposit for the apartment.
   • They offered token money to secure the reservation.
   • The charity asked for token money donations from participants.