token payment

1. 1.

   a small payment made in acknowledgement of an obligation

   Broaderpayment

Questions about token payment

What does token payment mean?

token payment means "a small payment made in acknowledgement of an obligation".

Is token payment a common word?

token payment is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.