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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Usance usually applies to items or goods purchased on credit. Usance may also mean the interest that will be charged on the person who has borrowed some amount of money. Thus, usance here means the profits earned from the lending of principal.
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In medieval banking, "usance" denoted the period of time, set by custom, before a bill of exchange could be redeemed at its destination. In today's financial world, the term usance denotes the period of time between the date of the bill and the payment of the bill, which is allowed by law. Usance differs from country to country. Some countries may have a usance period of as little as 2 weeks, while some others may have a usance period of up to 2 months.
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I have not wanted good words, and exceeding kind and regardful usance.
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Camaj and Schmidt-Neke, the oldest Albanian word by which the customary law was known was doke, meaning "custom", "usance", "tradition" in Albanian.
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The bill instructed the recipient Medici branch to pay back that sum in local currency, but not at whatever the local exchange rate for the two currencies concerned happened to be at the moment the bill was presented to be cashed in, but rather at the exchange rate set when the presenting (or current owner; bills of exchange could be sold and traded freely) person bought the bill of exchange. That there was a difference in time was guaranteed by the terms of the bill. A specific date could be set, but generally the time between a bill was issued in one city and could be cashed in at another was set by long-standing custom, or at usance. The usance between Florence and London was 3 months, for example.
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Bassanio does not want Antonio to accept such a risky condition; Antonio is surprised by what he sees as the moneylender's generosity (no "usance" – interest – is asked for), and he signs the contract. With money in hand, Bassanio leaves for Belmont with his friend Gratiano, who has asked to accompany him. Gratiano is a likeable young man, but he is often flippant, overly talkative, and tactless. Bassanio warns his companion to exercise self-control, and the two leave for Belmont.
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Roget's original thesaurus was organized into 1000 conceptual Heads (e.g., 806 Debt) organized into a four-level taxonomy. For example, liability was classed under V..iv: Class five, Volition: the exercise of the will; Division Two: Social volition; Section 4: Possessive Relations; Subsection 4: Monetary relations.Peter Mark Roget, Thesaurus of English words and phrases, classified so as to facilitate the expression of ideas, 1853, V..iv, p. 204 Each head includes direct synonyms: Debt, obligation, liability, ...; related concepts: interest, usance, usury; related persons: debtor, debitor, ... defaulter (808); verbs: to be in debt, to owe, ... see Borrow (788); phrases: to run up a bill or score, ...; and adjectives: in debt, indebted, owing, .... Numbers in parentheses are cross- references to other Heads.
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