TIMOCRACY

noun Etymology: Middle English tymotracie, from Middle French tymocracie, from Medieval Latin timocratia, from Greek timokratia, from timē price, value, honor + -kratia -cracy; akin to Greek tiein to honor, Sanskrit cāyati he respects Date: 15th century government in which a certain amount of property is necessary for office, government in which love of honor is the ruling principle, timocratic or timocratical adjective