With the token they could only go to the company shop and buy food or clothing from that shop.
On leaving school, we presented him with a table clock as a token of our thanks.
This is a small token of my gratitude.
Instead of giving the money, that is the normal coin of the realm, which is the phrase that everyone used then, they would give them a token, and this token might be metal, might be wood, might be cardboard.
He is guilty and by the same token so are you.
Here is a present for you in token of our appreciation.
Give me five tokens, please.
He held up his hands in token of surrender.
He offered me some money in token of gratitude.
He gave me this doll in token of his gratitude.
May I present this to you in token of my appreciation?
And the tokens he received as wages could only be spent at that shop.