Legal Definitions - token

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.