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usance investopedia what is usance 1 the allowable period of time permitted by custom between the date of bill and its payment the usance of a bill varies between countries often ranging from two weeks to two months 2 the interest charged on borrowed funds usance is derived from the action of usury

meaning of usance period in letter of credit reference meaning of usance period in letter of credit bill of exchange a brief tutorial the supreme court had to consider the following substantial questions of law arising

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