usance Meaning and Definition
1. n. accepted or habitual practice
2. n. (economics) the utilization of economic goods to satisfy needs or in manufacturing
3. n. the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)
Usance refers to the utilization of economic goods to satisfy needs. In manufacturing, "usance" means "inputs." It is used in "usance bills." This terminology is used in banks in India, when dealing with forex.
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