Translate "Link text" in View I have the following text/token in one of my field's "Link text" field.

"Download [file:name]"

How do I translate "Download"

Here is a screenshot:

https://www.dropbox.com/s/lwquchykaymh20j/Screenshot%202014-05-28%2023.15.14.png
If you have the Locale module enabled, you can translate the string on the page admin/config/regional/translate/translate - just search for Download and the string should appear in the translatable strings.

In order to translate the string you have to open the actual page once to let drupal register the translatable string.