The most common and most likely answer to this crossword clue is the 10 letter word NATTERJACK
I've seen this crossword clue in Financial Times
N
A
T
T
E
R
J
A
C
K
Buddy explains!

The straight part
We know that "toad" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case toad = natterjack.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does NATTERJACK mean?
NATTERJACK noun- A toad of species Bufo calamita (or Epidalea calamita), known for its running lizard-like gait and very loud mating call.