usance

incontable

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.

• 🇪🇸Sustantivo que designa una práctica habitual o costumbre, especialmente el período de tiempo concedido para el pago de una letra de cambio en el comercio, o el uso de bienes económicos para satisfacer necesidades o en la producción.

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.

   🇪🇸Usanza (plazo de pago)

   Sinónimos: 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.

   🇪🇸Uso económico

   Sinónimos: 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.

   🇪🇸Uso habitual o costumbre

   Sinónimos: conventioncustomhabitpracticetraditionusageusewont