Legal Definition and Related Resources of Tally, Talley

An ancient form of keeping accounts between a debtor and a creditor . A stick, rectangular in shape, was used for this purpose; notches were cut along one side of the stick. This stick was then split lengthwise so that one-half of the notches are shown on each part so split, the debtor retaining one part and the creditor the other .

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Tally, Talley in Historical Law

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