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Definition of: usance
(y
′zəns) noun
1. A period of time, variable as between various countries, which, by commercial usage, is allowed, exclusive of days of grace, for payment of bills of exchange, especially foreign.
2. Econ. An income derived from the possession of wealth in any way it may be invested.
3. Obs. Employment; use.
4. Obs. Interest on money.
5. Obs. Custom. Also Obs. us′aunce. [<OF <us <L usus. See USE.]
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