usance
/ˈjuːzəns/
noun
- The customary time allowed for payment of a bill of exchange or foreign debt, according to the practice of a particular country or trade.
- They agreed to a usance of 90 days for the international payment.
- The bank calculated the interest based on the standard usance for that currency.
- The usance for this trade agreement is 60 days from the date of shipment.
- Customary or habitual use; accepted practice.
- In local usance, the festival begins at sunrise.
- According to ancient usance, the eldest son inherits the title.
- The usance of tipping varies greatly from one country to another.