TOKEN CHARGES Meaning and
Definition
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Token charges refer to a nominal or minimal amount of money that is charged for a particular product or service. These charges are usually symbolic in nature and are not intended to cover the complete cost of the item or service being provided. Instead, token charges are often set at a significantly reduced rate to demonstrate goodwill, recognition, or to comply with legal requirements.
Token charges are commonly seen in various contexts. In certain situations, organizations might levy token charges to signify a transaction or to meet statutory obligations. For instance, a nonprofit may charge a token amount for a ticket to a charity event, to show that attendees have made a contribution towards the cause. Similarly, government agencies may require token charges to be paid to validate a contract or to comply with legal formalities.
The purpose of token charges is not primarily to generate revenue but rather to serve as evidence of participation, acknowledgment, or compliance. They are typically modest and might symbolize a gesture of appreciation, legitimate transaction, or adherence to regulations. While token charges are often minimal, they can still serve as a valuable tool for organizations and institutions to communicate various intentions effectively.
Common Misspellings for TOKEN CHARGES
- roken charges
- foken charges
- goken charges
- yoken charges
- 6oken charges
- 5oken charges
- tiken charges
- tkken charges
- tlken charges
- tpken charges
- t0ken charges
- t9ken charges
- tojen charges
- tomen charges
- tolen charges
- tooen charges
- toien charges
- tokwn charges
- toksn charges
- tokdn charges
Etymology of TOKEN CHARGES
The etymology of the phrase "token charges" can be understood by examining the roots of each word:
1. Token: The term "token" originates from the Old English word "tacen", which means a sign or symbol. It can also be traced back to the Old Norse word "tákn" and the Proto-Germanic word "tēknan". The concept of a token has long been associated with representing something or serving as a visible or physical representation of an object, idea, or value.
2. Charges: The word "charges" comes from the Old French word "chargier", which means to load or impose a burden. It can be further traced back to the Late Latin word "carricare", meaning to load a wagon or to burden. The term gradually evolved to refer to the act of accusing or formally stating an offense against someone.
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