usance

usance

[yoo-zuhns]
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.
a.
b.
custom; habit.
4.
Obsolete, usury.

Origin:
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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World English Dictionary
usance (ˈjuːzəns)
 
n
1.  commerce the period of time permitted by commercial usage for the redemption of foreign bills of exchange
2.  rare unearned income
3.  usage usury an obsolete word for use
 
[C14: from Old French, from Medieval Latin ūsantia, from ūsāre to use]

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