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What is a timocracy?

What is a timocracy? Here are some definitions.

Noun
  1. (Platonism) A form of government in which ambition for honor, power and military glory motivates the rulers.
  2. (Aristotelianism) A form of government in which civic honor or political power increases with the amount of property one owns.
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Examples
Even the timocracy and oligarchy, for all their flaws, have public standards for value.
This conception of democracy is broad enough to include even variants of timocracy.
The constitution in the Laws is a timocracy of wealth, modified by an aristocracy of merit.
It has similar features to timocracy, but it is different to it in many ways.
Ought I not to begin by describing how the change from timocracy to oligarchy arises?
This happens because of the treasuries of gold that the individuals in the timocracy have.

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