Term used to describe "Passing a rumour or a story around or to and fro." Example:

"Park Plans bandied about" from: http://enquirer.com/editions/2000/02/17/loc_park_plans_bandied.html

"I went on to say that it would soon be the business of clever lawyers to devise the defence of their accused person around some of the examples that we had bandied about." from: http://www.parliament.the-stationery-office.co.uk/pa/cm199697/cmhansrd/vo970115/debtext/70115-41.htm