What role does the ring play in Portia and Bassanio’s relationship?

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Portia gives Bassanio a ring as a symbol of their union, warning that losing it would mean losing her love. She later uses this condition to playfully confront Bassanio after he has given the ring away to Balthazar to show his appreciation for Balthazar’s legal aid. The fact that the ring is actually in Portia’s possession facilitates the revelation that Portia had disguised herself as the lawyer to help Antonio.