timocracy
noun
ti·moc·ra·cy tī-ˈmä-krə-sē 
1
: government in which a certain amount of property is necessary for office
2
: government in which love of honor is the ruling principle
timocratic
ˌtī-mə-ˈkra-tik
adjective or timocratical
ˌtī-mə-ˈkra-ti-kəl
Word History
Etymology
Middle English tymotracie, from Middle French tymocracie, from Medieval Latin timocratia, from Greek timokratia, from timē price, value, honor + -kratia -cracy; akin to Greek tiein to honor, Sanskrit cāyati he respects
First Known Use
15th century, in the meaning defined at sense 1