What is the meaning of [Pound of flesh]

Something which is owed that is ruthlessly required to be paid back.

This of course derives from Shakespeare’s Merchant of Venice, 1596. The insistence by Shylock of the payment of Antonio’s flesh is the central plot device of the play:

SHYLOCK:
The pound of flesh which I demand of him Is deerely bought, ’tis mine, and I will haue it.