1) Form of government 2) French word used in English 
A timocracy (from Greek τιμή timē, `price, worth` and -κρατία -kratia, `rule`) is a state where only property owners may participate in government. The more extreme forms of timocracy, where power derives entirely from wealth with no regard for social or civic responsibility, may shift in their form and become a plutocracy where the...
government by the propertied class
see polity.
• (n.) A state in which the love of honor is the ruling motive. • (n.) A state in which honors are distributed according to a rating of property.
Ti·moc'ra·cy noun [ Greek ...; ... honor, worth (fr. ... to honor) + ... to govern: confer French 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. 
timocracy 1. In Platonism, a state in which a love of honor and glory is the guiding principle of the rulers. 2. In Aristotelianism, a state in which the ownership of property is a qualification for office.