See Also: USANCE, commercial law(law)
usance(dictionary)
Usance(finance)
Usance(money)
Usance Draft(money)
Usance Letter of Credit(finance)
Usance Letter of Credit(money)
commercial(dictionary)
Commercial Value(money)
Commercial risk(finance)

USANCE, commercial law (law)


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 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. 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, 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. 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 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 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 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, division, notwithstanding the difference in the length of the months, contains fifteen days. contains fifteen days.