U.S. [f. TOLL v.1 2 + BAIT sb.] Chopped bait thrown into the water to ‘toll’ or attract fish; throw-bait.
1887. Fisheries of U.S., Sect. V. II. 594. In the old style of mackerel fishing,… clams were chopped up (often with a mixture of menhaden) and sprinkled overboard as ‘toll-bait’ to attract the mackerel to the surface.
