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timocracy

ti·moc·ra·cy [ ti mókrəssee ] (plural ti·moc·ra·cies)


noun 
Definition:
 
1. government by propertied class: government in which the possession of property is a qualification for holding office

2. government by people of honor: a form of government in which honor is the guiding principle

[15th century. Via French and medieval Latin< Greek timokratia< timē "honor, value"]

ti·mo·crat·ic [ tìmmə kráttik ] adjective
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