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usance

[yoo-zuh ns] /ˈyu zəns/
noun
1.
Commerce. a length of time, exclusive of days of grace and varying in different places, allowed by custom or usage for the payment of foreign bills of exchange.
2.
Economics. the income of benefits of every kind derived from the ownership of wealth.
3.
Archaic.
  1. use.
  2. custom; habit.
4.
Obsolete, usury.
Origin
1350-1400
1350-1400; Middle English usaunce < Old French usance, probably < Medieval Latin ūsantia, derivative of Latin ūsant- (stem of ūsāns), present participle of ūsāre to use; see -ance
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for usance

usance

/ˈjuːzəns/
noun
1.
(commerce) the period of time permitted by commercial usage for the redemption of foreign bills of exchange
2.
(rare) unearned income
3.
an obsolete word for usage, usury, use
Word Origin
C14: from Old French, from Medieval Latin ūsantia, from ūsāre to use
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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