Definition of: timocracy

(tī·mok′rə·sē) noun plural ·cies
1. A state in which the honor attaching to the position of ruler becomes an object of contention, and is sought by the ambitious with intrigue, rather than accepted as a trust.
2. A state in which honors are bestowed according to property owned. [<OF tymocracie <Med. L timocratia <Gk. timokratia <timē honor + krateein rule]
—ti·mo·crat·ic (tī′mə·krat′ik) or ·i·cal adjective