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TOKEN, contracts, crimes. A document or sign of the existence of a fact.
     2. 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; 12 John. 292; 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. 9 Wend. Rep. 182; 1 Dall. R. 47; 2 Rep. Const. Cr. 139; 2 Virg. Cas. 65; 4 Hawks, R. 348; 6 Mass. IR. 72; 1 Virg. Cas. 150; 12 John. 293; 2 Dev. 199; 1 Rich. R. 244.

TOKEN, 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. 2 Adolph. P. S. 175; 2 Chit. Com. Law, 182.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
What extra value does tokenized fundraising have for content creators?
"We launched Atomic Capital to bring professionalism and a people-first approach to the tokenized security industry," said Alexander S.
This tokenized transaction offers an instrument that is backed by real assets and enables those owning significant amounts of cryptocurrency to reduce their exposure to crypto volatility while still supporting the ecosystem.
The platform enables broker-dealers and other originators to issue and administer tokenized debt securities using distributed ledger technology.
It showed for the first time that both central bank cash and assets can be tokenized to complete an instant, end-to-end equity settlement on distributed ledger technology (DLT).
The commodity index products will then tokenized for global trading.
The company recently introduced the T-REX (Token for Regulated EXchanges) protocol, a decentralized set of global tools based on the Ethereum blockchain that allow for the interoperable, frictionless, and compliant transfer of tokenized securities.
Among its planned product offerings, Hashcove is developing tokenized platforms, crypto-exchanges and wallets, smart contracts for initial coin offerings, know-your-customer and financial clearing technology on blockchain, and other related blockchain applications.
NEW YORK: BNY Mellon announced that its Treasury Services business launched a new service, called "BNY Mellon Tokenized Payments(r) - now available with Zelle(r)".
It provides the evolving product range and infrastructure to support the growth of tokenized assets.
HIGHER: NXT-ID (NXTD), up 38% after reporting a network services agreement to allow devices that are integrated with the NXT-ID's FitPay Payment Platform to provision tokenized payment credentials through Discover Financial's (DFS) Digital Exchange...