Usance meaning

yo͝o'zəns
The length of time, established by custom and varying between countries, that is allowed for payment of a foreign bill of exchange.
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Use.
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Usage; custom.
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Interest paid on borrowed money.
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The time allowed for the payment of a foreign bill of exchange, as established by custom.
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The length of time permitted for the payment of a bill of exchange.
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The interest payed on a borrowed sum, usury.
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Origin of usance

  • Middle English usage from Old French probably from Vulgar Latin ūsantia from ūsāns *ūsant- present participle of *ūsāre frequentative of Latin ūtī
    From American Heritage Dictionary of the English Language, 5th Edition