Time-Based Currencies

A particular kind of the Complementary Currencies, sometimes contrasted with Local Currencies

Definition

From the Wikipedia at http://en.wikipedia.org/wiki/Time-based_currency

"Time-based currencies value everyone’s contributions equally. One hour equals one service credit. In these systems, one person volunteers to work for an hour for another person; thus, they are credited with one hour, which they can redeem for an hour of service from another volunteer." (http://en.wikipedia.org/wiki/Time-based_currency)

More Information

See the related entries on Complementary Currencies, Targeted Currencies, Local Currencies and Open Money