/ · 1894 Brewer’s · P · Pitch and Pay
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Pitch down your money and pay at once. There is a suppressed pun in the phrase: “to pay a ship” is to pitch it.
“The word is pitch and pay—trust none.”
Shakespeare: Henry V., ii. 3.
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Entry taken from Dictionary of Phrase and Fable, edited by the Rev. E. Cobham Brewer, LL.D. and revised in 1895.