Vocab Bloom Hub

usance

/ˈjuː.zəns/

1 entry

noun

/ˈjuː.zəns/C2formalbusiness
  • ruСуществительное, обозначающее обычную или привычную практику, особенно период времени, предоставляемый для оплаты переводного векселя в коммерческом обороте, или использование экономических благ для удовлетворения потребностей или в производстве.

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.

uncountable

  1. Payment period for billsC1formalbusiness

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

    ruСрок оплаты векселей

    • 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.

    Synonymstenorterm

  2. Economic utilizationC2formalbusiness

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

    ruИспользование

    • 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.

    Synonymsconsumptionemploymentusageuseutilization

  3. Customary practiceC2formal

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

    ruОбычай

    • 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.

    Synonymsconventioncustomhabitpracticetraditionusageusewont