COMMERCEtheusualperiodoftimeallowedforpaymentof abillofexchange, ininternationaltrade:Thecontractmayrequireyou topayinterestfor theperiodof usance.(Definition ofusancefrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofusance
usanceI am advised that a maximumusanceof 90 days is adequate for most cases; longer periods are exceptionally allowed if the circumstances justify.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Usancemay also mean the interest that will be charged on the person who has borrowed some amount of money.FromWikipediaThis 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.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Usanceusually applies to items or goods purchased on credit.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Usancediffers from country to country.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.It is used inusancebills.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.In manufacturing,usancemeans inputs.FromWikipediaThis 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.#https://dictionary.cambridge.org//dictionary/english/usance##
