Usance

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Usance

The time allowed for settlement of a draft.

Usance

1. The use of goods and services to fulfill needs. For instance, one who buys food and then eats it is getting usance out of the food. Likewise, a company that buys crude oil in order to produce refined oil is getting usance from the crude.

2. The customary period between the time a bill is sent and the time payment is due. Depending on the good or service being provided, usance can be anywhere from a few days to a few months. Usance in this sense is also called usage or tenor.
References in periodicals archive ?
We have developed DRM usage guidelines for the industry because usability is an issue that requires attention from technology providers, content distributors and content owners alike.
How can bundled pricing be used to drive voice usage and the take-up of new data services?
If the property is thus treated as a rental activity and the taxpayer is eligible to claim the special $25,000 rental real estate loss allowance, it may be beneficial for the taxpayer to monitor personal usage closely to ensure such use does not exceed the 14-day/10%-of-rental-days test.
This is of particular importance since usage of images is more prevalent in our society.
The whole idea is that if customers are charged for what they actually used instead of a fixed price tariff, they hope [building owners] will be more responsive to take actions, shop more competitively to mitigate risk and look at usage patterns more carefully to reduce their load at the most expensive time," Wong said.
Your unit's monthly AMSS report consists of the Equipment Usage and the Material Condition Status Report (MCSR) data.
According to an article in The IT Journal, "Utility Computing: Determining When the Prier is Right" by Martin Probst, utility computing generally falls into one of three models--pay per actual usage, capacity on demand or pay per forecasted usage.
Like the major usage guides--such as The New York Public Library Writer's Guide to Style and Usage, Webster's Dictionary of English Usage, A Dictionary of Contemporary American Usage, and the Harper Dictionary of Contemporary Usage--Bryson rounds up the usual suspects:
In a second demonstration, the private company incorporated the NIST CPU usage prediction models into the Active Virtual Network Management Prediction (AVNMP) system, a technology that predicts future load in a network.
0, providers of citywide wireless service and municipalities with larger advanced networks have, for the first time, vital business statistics collected at the very edge of the mesh network, such as location, usage patterns and trends, capacity and performance, subscriber activity and client devices, service levels, and geography.
Have DS maintenance reset the odometer to any value equal to or less than the equipment current usage.
In the energy world, 2004 is shaping up to be much the same as last year, and the news translates into only one thing for building owners and managers--a tight market where monitoring usage will be of prime importance.