What is a 'toast' at a party?

What is a 'toast' at a party?

Charlie Scola (Event Planner, Charlie Scola Catering) gives expert video advice on: What is a party's 'menu'?; What should I consider when planning the menu for my party?; What should I consider when choosing the beverages for my party? and more...

A 'toast' for a party is the announcement to the guests, or sometimes congratulating someone at the party. Also, a toast could be as simple as welcoming the guests to the party.