Word:

Usance

Us´ance
n.1.Use; usage; employment.
2.Custom; practice; usage.
3.Interest paid for money; usury.
4.(Com.) The time, fixed variously by the usage between different countries, when a bill of exchange is payable; as, a bill drawn on London at one usance, or at double usance.
Noun1.usance - the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
2.usance - (economics) the utilization of economic goods to satisfy needs or in manufacturing; "the consumption of energy has increased steadily"
3.usance - accepted or habitual practice
Synonyms: custom, usage

USANCE, commercial law. The term usance comes from usage, and signifies the time which by usage or custom is allowed in certain countries, for the payment of a bill of exchange. Poth. Contr. du Change, n. 15.
     2. The time of one, two or three mouths after the date of the bill, according to the custom of the places between which the exchanges run.
     3. Double or treble is double or treble the usual time, and half usance is half the time. Where it is necessary to divide a month upon a half usance, which is the case when the usance is for one month or three, the division, notwithstanding the difference in the length of the months, contains fifteen days.

commerce, commercialism, mercantilism, period, period of time, time period
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