- 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 ūsantia from ūsāns *ūsant- present participle of *ūsāre frequentative of Latin ūtī