- the time allowed for the payment of a foreign bill of exchange, as established by custom
Origin of usanceMiddle English ; from Middle French ; from usant, present participle of user: see use
- The length of time, established by custom and varying between countries, that is allowed for payment of a foreign bill of exchange.
- Usage; custom.
- Interest paid on borrowed money.
Origin of usanceMiddle English, usage, from Old French, probably from Vulgar Latin *&umacron;santia, from *&umacron;s&amacron;ns, *&umacron;sant-, present participle of *&umacron;s&amacron;re, frequentative of Latin &umacron;t&imacron;.