usance Definition
the period of time, established by custom or usage, allowed for the payment of a bill of exchange or promissory note.
Using usance: Examples
Take a moment to familiarize yourself with how "usance" can be used in various situations through the following examples!
Example
The usance for this bill is 90 days.
Example
The usance of the promissory note has expired.
Example
The usance period can be extended by mutual agreement.
usance Synonyms and Antonyms
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Summary: usance in Brief
'Usance' [yoo-zuhns] refers to the period of time allowed for the payment of a bill of exchange or promissory note, established by custom or usage. It is often expressed in days, such as 'The usance for this bill is 90 days.' The usance period can be extended by mutual agreement.
