Token
/ˈtoʊ.kən/
Definitions
- (n.) A physical or digital object representing a right, asset, or identity in a legal or technological context.
The company issued a security token to grant shareholders voting rights.
- (n.) A symbol or sign serving as evidence of a fact or agreement in contracts.
A token of acceptance was the signed agreement between parties.
Forms
- tokens
Related terms
Commentary
In legal and technological drafting, 'token' often requires context to clarify whether it denotes a physical object, digital asset, or symbolic sign.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.