I am advised that a maximum usance of 90 days is adequate for most cases; longer periods are exceptionally allowed if the circumstances justify.
Usance may also mean the interest that will be charged on the person who has borrowed some amount of money.
In medieval banking, usance denoted the period of time, set by custom, before a bill of exchange could be redeemed at its destination.
Usance usually applies to items or goods purchased on credit.
Usance differs from country to country.
It is used in usance bills.
In manufacturing, usance means inputs.
