Portia states that the law has another hold on Shylock. If someone that is not a citizen of Venice tries to seek the life of any citizen, then half of their belongings go to the one threatened, while the rest goes to the state, and then their life then lies in the mercy of the Duke.
When Portia recommends Shylock to ask for mercy, Shylock responds by saying that if his belongings are taken, then it is as if his life is taken.
When asked what mercy Antonio will give, he decides to quit the fine for half of Shylock's goods, and give the other half to Lorenzo. He also states that Shylock must become a Christian, and that he must give all of his belongings to Lorenzo and Jessica when he dies.
Without any other choice, Shylock accepts. A while after the court, Antonio and Bassanio ask Portia if they can repay her, grateful for what she did. In response, Portia claims she has taken a liking to Antonio's ring and Bassanio's gloves.
Although Antonio protests, Portia is persistent, and reminds him of the things she did in court. Antonio and Bassiano eventually give her the ring and gloves.
Nerissa and Porta have a talk after they come back home. They discuss their husbands and decide to question them when they arrive.