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LSDefine

Simple English definitions for legal terms

tally

Read a random definition: Laidlaw vacancy

A quick definition of tally:

Tally: A stick with notches used in the past to keep track of money owed between two people. The stick was cut in half, with one part given to the person who paid and the other to the person who received the payment. The two parts could be fitted together to make sure they matched. The word "tally" is also used to mean keeping track of an account or score.

A more thorough explanation:

Definition: A tally is a stick that was cut into two parts and marked with notches to show what was due between a debtor and creditor. It was used as a receipt for money or chattels. The stick was split lengthwise into two unequal pieces. The longer piece, which contained a stump or handle and was called the ‘stock,’ was given to the person making the payment, and the shorter, a flat strip called the ‘foil,’ to the other party. If the sum involved was disputed, the two pieces could be fitted one to the other to see if they would ‘tally.’

Example: In the past, when people borrowed money or goods from each other, they used tallies to keep track of what was owed. For example, if someone borrowed 10 pounds, a notch would be cut on the tally stick to represent that amount. When the debt was paid, the stick would be split in two, and each party would keep one piece as proof of the transaction.

Explanation: The example illustrates how tallies were used to keep track of debts and payments. The notches on the stick represented the amount owed, and the split pieces served as proof of the transaction. This system was used for centuries before the advent of modern banking and accounting methods.

Additional Example: The word ‘cheque’ comes from the same root as ‘exchequer.’ In the past, when people lent money to the Bank of England, tallies were cut for the amount. The Bank kept the foil, and the lender received the stock, which represented ‘Bank Stock’ of the amount recorded upon it. When the form of cheque was adopted, it was not called a foil, but the part retained by the payer is still the counterfoil.

Explanation: This example shows how the terminology of tallies has left a permanent imprint on our language. The use of tallies for recording accounts and transactions has influenced the development of modern banking and accounting practices.

tallage | Talmud

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windyMagician
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it doesn't hurt its just tingly
Dkk
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It needs more alcohol. You tingle when your nerves need watering.
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windyMagician
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windyMagician
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I'm sober lol
Dkk
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what.jpg @Dkk
CynicalOops
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jackfrost11770
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nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
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Indeed, indeed.
BulbasaurNoLikeCardio
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@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
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