1. the time allowed for payment of a foreign bill of exchange
Usage: finance; formal
2. customary practice or usage
Usage: archaic
3. interest charged on borrowed money
Usage: archaic; finance

Examples

• The bill of exchange had a usance of sixty days.
• International trade often involves bills with varying usance periods.
• The merchant requested an extension of the usance for payment.
• According to ancient usance, the ceremony began at dawn.
• The contract specified the usance to be charged on late payments.
• Local usance dictated the terms of the agreement.