Timocracy (noun)
ti-mok-ra-see
A form of government in which possession of property is required in order to hold office.
A form of government in which rulers are motivated by ambition or love of honour.
Late 15th century: from Old French timocracie, via medieval Latin from Greek timokratia, from timē ‘honour, worth’ + -kratia ‘power’. timocracy (sense 1) reflects Aristotle’s usage, timocracy (sense 2) Plato’s.
Example sentences
“We’ve moved on from the timocracy but vestiges of it remain.”