Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed





usance

Definition

Usual period allowed for payment of a bill of exchange (such as a check or draft), especially in international trade. Usance does not refer to a fixed period but varies according to customary practice (see Custom) in that trade or between the countries involved. See also usage and tenor.

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z