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 ?
The data also showed that average broadband usage in European markets increased by more than 28% from Q2 2018 to Q2 2019, slightly ahead of the 25% YOY growth in the United States.
Urban versus rural internet usage. In urban areas, internet usage among adults grew five times, from 12 percent to 62 percent.
The research shows how the holy month of Ramadan is likely to impact the usage of various lifestyle and entertainment applications used by UAE residents.
3 AUTHORITY: Coventry City Council www.oxalisplanning.co.uk/eastern-green.html www.fpcr.co.uk/work-progresses-on-eastern-green/ 13 Site size: Usage: Developer: Authority: Local to: RETIREMENT LIVING DEVELOPMENT (BOND STREET) SITE SIZE: 0.6 acres (0.2 hectares) USAGE: Residential DEVELOPER: Deeley Group AUTHORITY: Coventry City Council www.deeley.co.uk www.
In addition, all DP&L customers can enjoy new self-service options on the Manage Profile screen and more detailed usage data under Usage History.
Yesterday's peak power usage was recorded at 1.51 p.m.
Fair usage policies apply to this plan to ensure superior service levels to customers with normal usage behaviour.
This can be compared to the usage of Helicopters and expenses incurred upon by other provinces and the Federal Government, whereby, figures would prove that usage of Helicopter by Government of Khyber Pakhtunkhwa is much lower, though terrain of most of the province of Khyber Pakhtunkhwa requires Heli usage, it noted in press release.
Once Datally has gathered information about data usage on the device, it can begin to serve up recommendations as to how the user can cut down on mobile data usage.