What is TALLEY, or TALLY?

A stick cut Into two parts, on each whereof is marked, with notches or otherwise, what is due between debtor and creditor. It was the ancient mode of keeping accounts. One part was held by the creditor, and the other by the debtor. The use of tallies In the exchequer was abolished by St 23 Geo. III. c. 82, and the old tallies were ordered to be destroyed by St. 4 & 5 Wm. IV. c. 15. Wharton.

More On This Topic

Link to This Definition
Did you find this definition of TALLEY, or TALLY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary