Set partly in Venice and partly at Belmont, this play follows a young nobleman who needs money to court a wealthy heiress and persuades his merchant friend to borrow a dangerous bond from a resentful moneylender. Parallel plots show the heiress's suitors tested by a casket choice and the moneylender's daughter eloping with a Christian, deepening tensions. When the merchant cannot pay, the lender insists on a pound-of-flesh penalty and the case reaches a court, where the heiress, disguised as a lawyer, averts the penalty through a strict reading of the contract. The legal victory leads to the lender's ruin and forced submission, and the work closes with reconciliations, marriage, and questions about mercy, justice, prejudice, and appearance versus reality.