Usance


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Related to Usance: Usance Letter of Credit

USANCE, commercial law. The term usance comes from usage, and signifies the time which by usage or custom is allowed in certain countries, for the payment of a bill of exchange. Poth. Contr. du Change, n. 15.
     2. The time of one, two or three mouths after the date of the bill, according to the custom of the places between which the exchanges run.
     3. Double or treble is double or treble the usual time, and half usance is half the time. Where it is necessary to divide a month upon a half usance, which is the case when the usance is for one month or three, the division, notwithstanding the difference in the length of the months, contains fifteen days.

References in periodicals archive ?
Later, he asks Antonio, 'What news on the Rialto?' (33), and in the course of their conversation slyly reminds Antonio that 'many a time and oft / In the Rialto you have rated me / About my money and my usances' (102-4).
Hence, the centralization of legal order around a Constitution resulted on a usance of a Law model guided by the authority of the nation-State, as being the Law paradigm to be reached in all fields of juridical studies.
Cash according to the second manifest of Iran's Financial Accounting Standard includes quick assets, and deposits with banks in Riels or other currencies (including short-term investing deposits without usance).
Letters of Credit (LC) sight and usance, bank guarantees, labour guarantees, advance payments and performance bonds.
Foreign Usance Discount Bill Purchase P4 (Assigned)
Opposing this proto-capitalist view is Antonio, who in Shylock's words, lends out money gratis, and brings down The rate of usance here with us in Venice.
The trade finance transactions mostly financed include pre-shipment finance, usance L/Cs (letters of credit), export credit financing, working capital financing as well as bank and shipping guarantees.
I hate him for he is a Christian, But more for that in low simplicity He lends out money gratis and brings down The rate of usance here with us in Venice.
When Antonio enters the stage at 1.30, Shylock is so disturbed that he must speak in an aside, revealing his clear hatred of Antonio: "How like a fawning publican he looks!/I hate him for he is a Christian" and because he "lends out money gratis and brings down/The rate of usance here with us in Venice" (11.31-32, 34-35).
For instance, Taiwan has witnessed an annual growth of 20%-30% in usance credits since 2007 and the demand on usance credit will keep growing, particularly when the export-oriented SMEs need usance credit to conduct external trade.
According to the amendments, the Letter of Credit (LCs) (sight and usance) established before the announcement of the LTFF scheme and retired after June 30, 2007 will also be eligible for financing under the scheme.
Shylock, who has castigated Antonio for lending money "gratis" (1.3.38), converts in turn and agrees, I would be friends with you and have your love, Forget the shames that you have stained me with, Supply your present wants and take no doit Of usance for my moneys....