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A document or sign of the existence of a fact.
Tokens are either public or general, or privy tokens. They are true or false. When a token is false and indicates a general intent to defraud, and it is used for that purpose, it will render the offender guilty of the crime of cheating but if it is a mere privy token, as counterfeiting a letter in another man's name, in order to cheat but. one individual, it would not be indictable. commercial law. In England, this name is given to pieces of metal, made in the shape of money, passing among private persons by consent at a certain value.