(tōl) noun
1. A fixed compensation for some privilege granted or service rendered, especially for one granted in a general or public way, as passage on a bridge or turnpike, or that taken by a miller for grinding grain (commonly a portion of the grain).
2. The right to levy such charge.
3. Something taken or elicited like a toll; price: The train wreck took a heavy toll of lives.
4. A due charged for the privilege of shipping or landing goods.
5. A charge for transportation of goods, especially by rail or canal.
6. A charge for a long–distance telephone call. See synonyms under TAX.
—v.t. To take as a toll.
—v.i. To take or exact a toll. ♦ Homophone: tole. [OE,? <LL toloneum <L telonium <Gk. telōnion a customhouse <telōnes a tax collector <telos a tax]

(tōl) v.t.
1. To cause (a bell) to sound slowly and at regular intervals.
2. To announce thus; especially, to announce (a death, funeral, etc.) by tolling.
3. To call or summon by tolling.
4. To decoy (game, especially ducks).
5. Rare To entice.
—v.i.
6. To sound slowly and at regular intervals.
—noun The sound of a bell rung slowly and with single, regularly repeated strokes. ♦ Homophone: tole. [Prob. <TOLL¹, in obs. sense of “pull, draw”]