What does usance mean?

Definitions for usance
ˈyu zənsus·ance

This dictionary definitions page includes all the possible meanings, example usage and translations of the word usance.

Princeton's WordNet

  1. usancenoun

    the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)

  2. consumption, economic consumption, usance, use, use of goods and servicesnoun

    (economics) the utilization of economic goods to satisfy needs or in manufacturing

    "the consumption of energy has increased steadily"

  3. custom, usage, usancenoun

    accepted or habitual practice

Wiktionary

  1. usancenoun

    The length of time permitted for the payment of a bill of exchange.

  2. usancenoun

    Use.

  3. usancenoun

    Customary or habitual usage.

  4. usancenoun

    The interest payed on a borrowed sum, usury.

Samuel Johnson's Dictionary

  1. Usancenoun

    Etymology: usance, Fr.

    What art thou,
    That here in desert hast thine habitance,
    And these rich heaps of wealth dost hide apart
    From the world’s eye, and from her right usance? Edmund Spenser.

    He lends out money gratis, and brings down
    The rate of usance. William Shakespeare, Merch. of Venice.

ChatGPT

  1. usance

    Usance refers to the period of time, agreed upon by involved parties, within which a buyer is expected to pay their outstanding amount to a seller for goods or services received. Often used in international trade, it may also refer to the accepted time period before a bill of exchange or other financial document becomes due for payment. It can also mean the customary practice or usage in a particular place or among certain people.

Webster Dictionary

  1. Usanceverb

    use; usage; employment

  2. Usanceverb

    custom; practice; usage

  3. Usanceverb

    interest paid for money; usury

  4. Usanceverb

    the time, fixed variously by the usage between different countries, when a bill of exchange is payable; as, a bill drawn on London at one usance, or at double usance

Wikidata

  1. Usance

    Usance refers to the utilization of economic goods to satisfy needs. In manufacturing, "usance" means "inputs." It is used in "usance bills." This terminology is used in banks in India, when dealing with forex. In medieval banking, "usance" denoted the period of time, set by custom, before a bill of exchange could be redeemed at its destination. In today's Financial World, the term usance denotes the period of time between the date of the bill and the payment of the bill, which is allowed by law. Usance differs from country to country. Some countries may have a usance period of as less as 2 weeks, while some others may have a usance period of up to 2 months. Usance usually applies to items or goods purchased on credit. Usance may also mean the interest that will be charged on the person who has borrowed some amount of money. Thus, usance here means the profits earned from the lending of principal.

Usage in printed sourcesFrom: 

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Numerology

  1. Chaldean Numerology

    The numerical value of usance in Chaldean Numerology is: 5

  2. Pythagorean Numerology

    The numerical value of usance in Pythagorean Numerology is: 9


Translations for usance

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"usance." Definitions.net. STANDS4 LLC, 2024. Web. 7 Dec. 2024. <https://www.definitions.net/definition/usance>.

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