A toast speech is a brief sentiment often given at a celebration like a wedding or event where someone is honored that ends with a toast of beverages. Most toasts are short and therefore not technically speeches.
Toast speeches, or toasts as they are simply known, usually include a brief comment about the person or persons being honored and, if time permits, may include a story about the relationship between the person giving the toast and the person being honored. The statement often closes with a positive sentiment, such as a wish for happiness when the toast is given in honor of the wedding couple.
There are traditionally three parts to the toast speech: a statement that indicates the reason for the toast; confirmation by attendees, usually marked by the lifting of glasses; and taking a drink from the glasses to close the toast.