usance
noun[U]
uk/ˈjuːzəns/usCOMMERCE
theusualperiodoftimeallowedforpaymentof abillofexchange, ininternationaltrade:
Thecontractmayrequireyou topayinterestfor theperiodof usance.
Examplesofusance
usance
I am advised that a maximumusanceof 90 days is adequate for most cases; longer periods are exceptionally allowed if the circumstances justify.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Usancemay also mean the interest that will be charged on the person who has borrowed some amount of money.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In medieval banking,usancedenoted the period of time, set by custom, before a bill of exchange could be redeemed at its destination.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Usanceusually applies to items or goods purchased on credit.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Usancediffers from country to country.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.It is used inusancebills.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In manufacturing,usancemeans inputs.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.