1. Accepted or habitual practice
   "The ancient usance of gift-giving continues today";
   - custom, usage
    
2. The period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
   "The usance for the international transaction was set at 60 days"
    
3. (economics) the utilization of economic goods to satisfy needs or in manufacturing
   "The company's usance of raw materials increased during peak production";
   - consumption, economic consumption, use, use of goods and services

Derived forms: usances

Type of: demand, pattern, period, period of time, practice, survival, time period, time span

Encyclopedia: Usance