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LSDefine
Simple English definitions for legal terms
token
Read a random definition: peculiar
A quick definition of token:
Token: A token is a physical object or a symbol that represents something else. It can be a sign or mark that shows that something exists or an indication of an intention to do something. For example, when a buyer places a small order with a vendor to show good faith with a view toward later placing a larger order. A token can also be a coin or other legal tender that is used as a medium of exchange. However, a false token is a counterfeit coin, bill, or the like.
A more thorough explanation:
Definition: A token is a sign or mark that shows the existence of something or an indication of an intention to do something. It can also refer to a coin or other legal tender.
For example, when a buyer places a small order with a vendor to show good faith with a view toward later placing a larger order, it is considered a token of their intention to do business together. Another example is a subway token, which is a small coin-like object that is used as a form of payment to ride the subway.
However, it's important to note that a false token is a counterfeit coin, bill, or the like, which is not a valid form of payment.
Overall, a token is a physical representation of something, whether it's an intention, a form of payment, or a sign of existence.