1. Usance usually applies to items or goods purchased on credit.2. The usance between Florence and London was 3 months, for example. 3. Thus, usance here means the profits earned from the lending of principal. 4. He said most foreign banks would no longer accept usance LCs from Indonesian importers. 5. About my moneys and my usances ; 6. Usance differs from country to country.7. One of the major uses of Usance Bills is Drafts are used in arrangements where deferred payments are used. 8. Usance may also mean the interest that will be charged on the person who has borrowed some amount of money.9. During the precrisis period, Indonesian importers normally opened a usance LC, which did not require such a large amount of cash up front. 10. Some countries may have a usance period of as little as 2 weeks, while some others may have a usance period of up to 2 months.
