usance

/'ju:z ns/

Thân thiện

The company's usance for paying invoices is 60 days.

Definition

1. Noun:
   • Accepted or habitual practice: A customary or established way of doing something; a practice that has become accepted through long use.
   • (Economics) The utilization of economic goods: The act of using goods or services to satisfy needs or in a manufacturing process; consumption.
   • (Commerce) The period of time permitted for payment: Specifically in finance, the period of time allowed by commercial custom for the payment of a bill of exchange, especially a foreign bill.

Usage Examples

• Noun (Customary Practice):
  • The local usance dictates that businesses close at midday.
  • Following the ancient usance, the ceremony was performed at dawn.
• Noun (Economic Utilization):
  • The report analyzed the usance of raw materials in the industry.
  • Efficient usance of resources is key to sustainable development.
• Noun (Commercial Time Period):
  • The bill was drawn at ninety days' usance.
  • They agreed on a usance of sixty days for the international transaction.

Advanced Usage

• "At usance": A commercial term meaning payable after the period customary for a particular type of bill of exchange.
  • The draft was made payable at usance.
• The term is highly specialized, most commonly found in historical, legal, or international trade contexts rather than everyday conversation.

Variants and Related Words

• Usage (n): The act of using something; the way in which a word or phrase is normally used. (Note: 'Usage' is more common and general than the specialized 'usance').
• Custom (n): A traditional and widely accepted way of behaving or doing something.
• Tenor (n): In finance, the time period until a bill of exchange or promissory note becomes due for payment.

Synonyms

• Custom: A traditional practice.
• Practice: The actual application or use of an idea.
• Consumption: The using up of a resource.
• Term: A fixed or limited period for which something lasts.

Related Phrases

• Period of usance: The specific time allowed for payment.
  • The period of usance for such bills is typically 30 days.
• Usance bill: A bill of exchange that is payable after a specified period.
  • The exporter preferred a usance bill to allow the importer time to sell the goods.

Học thuật

Noun

1. accepted or habitual practice
2. (economics) the utilization of economic goods to satisfy needs or in manufacturing
   • the consumption of energy has increased steadily
3. the period of time permitted by commercial usage for the payment of a bill of exchange (especially a foreign bill of exchange)

Từ đồng nghĩa

• custom
• usage
• consumption
• economic consumption
• use
• use of goods and services