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.

Archaic.

use.

b.	custom; habit.

4.	Obsolete. usury.

Origin:
1350–1400; ME usaunce < OF usance, prob. < ML ūsantia, deriv. of L ūsant- (s. of ūsāns), prp. of ūsāre to use; see -ance

Link To usance

us·ance (yōō'zəns)

The length of time, established by custom and varying between countries, that is allowed for payment of a foreign bill of exchange.
Use.
Usage; custom.
Interest paid on borrowed money.

[Middle English, usage, from Old French, probably from Vulgar Latin *ūsantia, from *ūsāns, *ūsant-, present participle of *ūsāre, frequentative of Latin ūtī.]

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