Words / U / Business

usance

noun/ˈjuːz(ə)ns/

C2CEFR level
96/100Rarity: very rare
TechnicalRegister

The period allowed by custom or contract for payment of a foreign bill of exchange.

The exporter drew the bill at ninety days' usance, giving the importer three months to settle.

Topic: Banking in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Banking