Merchant of Venice

Act 1, Scene 3

name the terms of the bond

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This kindness will I show.

Go with me to a notary, seal me there

Your single bond, and—in a merry sport—

If you repay me not on such a day,

In such a place, such sum or sums as are

Expressed in the condition, let the forfeit

Be nominated for an equal pound

Of your fair flesh, to be cut off and taken

In what part of your body pleaseth me.

The terms are no interest, with the balance due on a specific day. If it's not paid, the penalty is a pound of flesh to be cut from whatever body part he chooses.

Source(s)

The Merchant of Venice