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 ?
3 Bundled pricing can grow voice usage and drive take-up of new data services in the short term
Similarly, an unexpected drop in usage would result in a small surcharge.
By providing a real time usage statistics, NetFlow has empowered us to understand corporate in-house application network requirement and bandwidth usage.
0 it will be important to provide customers with the ability to monitor and manage application usage, particularly as it applies to areas like self-service applications," said Judith Hurwitz, President of Hurwitz and Associates.
Affiliation/rewards credit card usage, by demographic
In some cases, it may simply be a matter of advising a client to either slightly increase or decrease personal usage so that the desired tax treatment is achieved.
This article: (1) explains the impact of digital cameras in today's classrooms, (2) indicates effective usage of digital cameras, and (3) relates how multidimensional learning can be provided for students by using digital cameras.
While Con Edison fully supports their customers saving money any way they can, including by going to an ESCO, what they hope will happen is that building owners will begin to analyze their energy usage and find ways to curtail it during peak hours.
Enormity is the older word, and after several changes in usage over several centuries, it settled down in the 19th century in the meaning associated with evil.
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: