Definition from Wiktionary, the free dictionary
toolbag (plural toolbags)
- A bag used to carry tools.
2008 February 17, Randy Kennedy, “Where You Going With That Monet?”, in New York Times:
- The mundane reality is that many art thieves are simply not the sharpest grappling hooks in the toolbag; the smart ones choose to steal things that can be much more easily converted into money — or just money itself.