Usance refers to the utilization of economic goods to satisfy needs. In manufacturing, "usance" means "inputs." It is used in "usance bills."
In medieval banking, "usance" denoted the period of time, set by custom, before a bill of exchange could be redeemed at its destination.
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12 (Letter of Credit ) What is a Usance Letter of Credit ?
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Usance Meaning
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How to calculate due date of a Bill of Exchange?
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This page was last edited on 22 January 2024, at 21:52