usance Meaning in Cambridge Business English Dictionary
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Meaning of "usance" - Business English Dictionary

usance

noun [U]
 
 
/ˈjuːzəns/
COMMERCE the usual period of time allowed for payment of a bill of exchange, in international trade: The contract may require you to pay interest for the period of usance.
(Definition of usance from the Cambridge Business English Dictionary © Cambridge University Press)
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