usance

unzählbar

A noun referring to the customary or habitual practice, especially the period of time allowed for payment of a bill of exchange in commercial usage, or the utilization of economic goods to satisfy needs or in manufacturing.

• 🇩🇪Substantiv, das eine übliche oder gewohnheitsmäßige Praxis bezeichnet, insbesondere die im Handelsverkehr gewährte Zahlungsfrist für einen Wechsel, oder die Nutzung wirtschaftlicher Güter zur Bedürfnisbefriedigung oder in der Produktion.

1. Payment period for bills C1 formal business

   The customary period allowed for the payment of a bill of exchange, particularly in international trade.

   • The usance for this bill of exchange is 60 days.
   • They agreed on a usance of 90 days for the foreign draft.
   • The bank calculated the interest based on the standard usance.

   🇩🇪Zahlungsfrist für Wechsel

   Synonyme: tenorterm

2. Economic utilization C2 formal business

   The use or consumption of goods and services to satisfy human needs or in the production process.

   • The usance of raw materials increased during the industrial boom.
   • Economists study the usance of resources to measure efficiency.
   • The usance of energy has a direct impact on economic growth.

   🇩🇪Nutzung

   Synonyme: consumptionemploymentusageuseutilization

3. Customary practice C2 formal

   An established or habitual practice, often accepted by common usage.

   • It is the usance in this region to greet with a bow.
   • The usance of tipping varies from country to country.
   • According to local usance, the ceremony begins at sunset.

   🇩🇪Brauch

   Synonyme: conventioncustomhabitpracticetraditionusageusewont