Real Dictionary

toast
uncountable noun: Toast is bread which has been cut into slices and made brown and crisp by cooking at a high temperature.

toast in American English 1
to brown the surface of (bread, cheese, etc.) by heating in a toaster, over or near a fire, or in an oven
noun: sliced bread that has been browned by dry heat

toast in American English 2
a person, thing, idea, etc. in honor of which a person or persons raise their glasses and drink
to propose or drink a toast (to)
intransitive verb: to propose or drink a toast
noun: a salutation or a few words of congratulation, good wishes, appreciation, remembrance, etc., uttered immediately before drinking to a person, event, etc
transitive verb: to drink to the health of or in honor of; propose a toast to or in honor of

toast in British English 1
noun: sliced bread browned by exposure to heat, usually under a grill, over a fire, or in a toaster

toast in British English 2
noun: a tribute or proposal of health, success, etc, given to a person or thing by a company of people and marked by raising glasses and drinking together
verb: to propose or drink a toast to (a person or thing)

toast in Hospitality
noun: Toast is bread which has been cut into slices and made brown and crisp by cooking at a high temperature.