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The Collaborative International Dictionary of English v.0.48:

Timocracy \Ti*moc"ra*cy\, n. [Gr. ?; ? honor, worth (fr. ? to
   honor) + ? to govern: cf. F. timocratie.] (Gr. Antiq.)
   (a) A state in which the love of honor is the ruling motive.
   (b) A state in which honors are distributed according to a
       rating of property.
       [1913 Webster]