usance meaning and definition

USANCE noun

Definition of usance (noun)

1. the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
2. (economics) the utilization of economic goods to satisfy needs or in manufacturing
   • "the consumption of energy has increased steadily"
   • synonyms: consumption, economic consumption, use, use of goods and services
3. accepted or habitual practice
   • synonyms: custom, usage