Tally Law and Legal Definition

Tally refers to a device for visibly recording or accounting especially business transactions. It can be a notched rod or mechanical counter. Traditionally tally is a stick on which notches were formerly made to keep a record of amounts paid or owed. The cross notches represents the amount of a debt owing or paid. It is often split lengthwise across the notches, the debtor retaining one piece and the creditor the other.

Tally documents afford admissible evidence of weight. In Rising v. Tollerud, 34 N.D. 88 (N.D. 1916), the court held that a tally evidence discloses that plaintiff paid said sums with a full knowledge of all of the facts known to him.