toast

Toast bread that is put into a toaster oven and toasted.

Example: I had toast for breakfast.

A toast is used to celebrate something.

Example: Let's have a toast to our future.

If you toast something, you lightly cook it over a fire or other source of heat; you brown it.

Example: I toasted some bread for breakfast.

If you toast someone or something, you make a salutation, usually through the raising and knocking together of glasses.