Meanwhile in Venice, Shylock, a rich Jewish moneylender who harbors a secret hatred for Antonio, has agreed to lend Bassanio three thousand ducats for three months, on Antonio's bond. Foregoing his usual high interest rate, Shylock demands instead that if the day for payment falls due and the money is not returned, he may cut off one pound of flesh from Antonio's body. Antonio agrees because all of his ships are due back in Venice a full month before the bond falls due.
A romantic subplot develops when Lorenzo, a close friend of Antonio and Bassanio, falls in love with Shylock's daughter, Jessica. He manages to elope with her by disguising her as a boy, and she manages to take with her a goodly amount of her father's ducats. Of course, this infuriates Shylock, and he vows revenge. Shortly thereafter, Bassanio and Gratiano leave for Belmont, where the "fair Portia" has just sent away the Prince of Morocco and the Prince of Arragon, two more disappointed, unsuccessful suitors. When Bassanio asks to choose one of the caskets, Portia falls immediately in love with him, and she begs him to wait a few days before choosing one of the caskets. He has fallen in love with Portia and insists on taking his chances. He rejects the gold one, then the silver one; he chooses, finally, the lead casket, and on opening it, he finds a portrait of Portia. Both he and Portia are overjoyed, and they make plans to be married at once, along with Nerissa and Gratiano, who have also fallen in love. Happiness reigns in Belmont until Bassanio is brought a letter from Antonio bidding him farewell since his ships have been lost at sea and since it is impossible that he will live after Shylock collects his pound of flesh. Horrified, Bassanio leaves instantly for Venice with money which Portia gives him to pay the bond.
