usance definition by Webster's New World
- the time allowed for the payment of a foreign bill of exchange, as established by custom
Origin: Middle English ; from Middle French ; from usant, present participle of user: see use
usance definition by American Heritage Dictionary
- 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: Middle English, usage, from Old French, probably from Vulgar Latin *ūsantia, from *ūsāns, *ūsant-, present participle of *ūsāre, frequentative of Latin ūtī.