In English, there is a very specific meaning of the word ‘toast’; when used as a transitive verb, it means that you raise glasses in celebration of someone or something, eg.

> Let's toast the winner of the race!

It can also be used as a noun, to refer to the act itself:

> I propose a toast, to the winner of the race!

Is there an equivalent French way to express this notion?

I came across the verb ‘*trinquer*’, which apparently means ‘to clink glasses’.  This seems to have no equivalent in English; would one perhaps use it to mean ‘toast’ in this sense?