Usance
nounverified·updated May 18, 2026
the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
Framework senses
- §1
- accepted or habitual practice
- §2
- (economics) the utilization of economic goods to satisfy needs or in manufacturing
- §3
- the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)