The name Timon is derived from the Greek word τιμάω (timao), meaning 'to honour, to esteem'. Historically, it has been associated with a wealthy Athenian who became disillusioned with humanity after losing his fortune and being abandoned by his friends. This story is famously recounted in Shakespeare's tragedy 'Timon of Athens' (1607). Additionally, the name is mentioned in the New Testament as belonging to one of the original seven deacons of the church, who is considered a saint.