usance in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Usance is the customary period allowed for payment in trade transactions.
Crossword clues for usance
Crossword clue ideas and answer hints for the word "usance".
- Customary payment period in trade transactions.
- Standard time for settling debts.
- Accepted duration for financial obligations.
- Traditionally allowed time for payment.
- Normal timeframe for transaction settlements.
Usance sentence examples
- Usance refers to the customary period for payment in trade transactions.
- The merchant was familiar with the local usance, which dictated payment terms for his goods.
- Understanding usance is crucial for businesses engaging in international trade.
- The flexibility of usance can greatly influence the cash flow of a company.
- In the context of finance, usance can refer to the time allowed for a bill of exchange to be settled.