token payment

noun

1. a small payment binding an agreement or acknowledging a debt.

token payment

noun

1. a small payment made in acknowledgment of the existence of debt

Example Sentences

"And all the Paris Club creditors, 17 of them, we will be making token payments to show that we want to be a good debtor."

From Reuters

Money was a problem: Even a token payment to a caretaker was difficult to raise.

From Literature

An officer later gave him a token payment of about $350, a fraction of his losses and medical expenses.

From New York Times

It’s simply a way to move on, with a token payment to the 318 retired players settling the legal score.

From Washington Times

But the wisdom of potentially substituting subscription revenue with one-time token payments wasn’t clear to Post executives.

From Wall Street Journal