Sentence:  Yitt they caused the lordis that war vpoun on the panell, that schould have thoalled judgment, to find cautioun everie ane of thame, vnder the paine of certane soumes, to answer at ane certane apoynted to thame. Yitt all thir lordis war verrie blyth, think and that all evill was guid of <WSD>frist</WSD>, in speciall the lord David Lindsay was so blyth at his brothers sayingis, that he burst furth, saying to him: "Verrilie brother, yea have fyne pyatt wordis. I wold not have trowed, be St Amarie, that yea had sick wordis". 
Meaning of the word marked with <WSD> tags:  Time allotted for repayment; a term (in which a debt is to be repaid); a delay; respite; suspension.