/ Dictionary / Index T token economy: Meaning and Definition of Find definitions for: to'ken econ"omy Pronunciation: [key] — Psychiatry. Psychiatry. a method of encouraging desirable behavior, esp. in a hospital setting, by offering rewards of token money that can be exchanged for special food, access to television, and other bonuses. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. token tokenism Related Content Daily Word Quiz: panacea Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language