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LSDefine

Simple English definitions for legal terms

tally

Read a random definition: Madrid Protocol

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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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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