usance

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

noun the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
noun (economics) the utilization of economic goods to satisfy needs or in manufacturing
noun accepted or habitual practice

Inherited from Middle English usaunce, from Old French usance.

But ‘tis to much purpose to evade it; the common custom and usance of life will have it so. — Essays of Michel de Montaigne — Complete, Michel de Montaigne
I heard that there followed hard on the jewels Two braces of stallions of striking resemblance, 20 Dappled and yellow; he granted him usance Of horses and treasures. — Beowulf: An Anglo-Saxon Epic Poem, Unknown
"I know him," the king said, "and have bought many rare articles of his handiwork, and more than once when I have needed it have had monies from him on usance. — At Agincourt, G. A. (George Alfred) Henty

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