usance

Plural: usances

Noun

• A customary period allowed for payment of bills of exchange.
• the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
• (economics) the utilization of economic goods to satisfy needs or in manufacturing
• accepted or habitual practice
• The length of time permitted for the payment of a bill of exchange.
• Use.
• Customary or habitual usage.
• The interest paid on a borrowed sum, usury.

Examples

• USANCE, an archaic term, proved surprisingly useful for a bingo on a words-with-friends board.

Synonyms

consumption, custom, economic consumption, usage, use, use of goods and services