Definition of usance in English:
noun[mass noun] archaic
2The time allowed for the payment of foreign bills of exchange, according to law or commercial practice.
- It follows that the problem could arise only in the case of bills payable on demand, or where a bill payable at another usance is discharge before its maturity.
- The company said the cause behind its bouncing checks is that its 29 stores suffered lower sales than expected during the Lunar New Year holiday period and suppliers refused to extend usance.
- Shakespeare, however, has already let us know, in an aside earlier in the scene, that Shylock hates Antonio because ‘he is a Christian’ and because ‘He lends out money gratis, and brings down / The rate of usance here with us in Venice.’
late Middle English: from Old French, from the base of the verb user 'to use'.
Words that rhyme with usancerecusance
Definition of usance in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia
Most popular in Pakistan