usance

It is known as a term, tenor or usance bill.

Thus, usance here means the profits earned from the lending of principal.

The usance between Florence and London was 3 months, for example.

And by lending without interest, to Shylock's disgust, Antonio “brings down the rate of usance here with us in Venice”.

Everything in it, tolerable or intolerable, will have but one use; and that use what our ancestors used to call usance or usury.

In medieval banking, "usance" denoted the period of time, set by custom, before a bill of exchange could be redeemed at its destination.

In manufacturing, "usance" means "inputs."

Where credit is involved, bills are variously referred to as time bills, tenor bills, or usance bills.

One of the major uses of Usance Bills is Drafts are used in arrangements where deferred payments are used.

Direct sales - Most foreign companies are involved in direct sales to Iranian customers through letters of credit and, occasionally on the basis of Usance.

In today's financial world, the term usance denotes the period of time between the date of the bill and the payment of the bill, which is allowed by law.

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.

A specific date could be set, but generally the time between a bill was issued in one city and could be cashed in at another was set by long-standing custom, or at usance.

Bassanio does not want Antonio to accept such a risky condition; Antonio is surprised by what he sees as the moneylender's generosity (no "usance" - interest - is asked for), and he signs the contract.

I would be friends with you, and have your love, Forget the shames that you have stain'd me with, Supply your present wants, and take no doit Of usance for my moneys, and you'll not hear me.

Similarly, they could be fairly certain of a profit when a bill was issued in one of the Italian branches because they could demand a premium of sorts for being asked to deliver money in a far away place at however far in the future usance set the maturation date.

Discounting Usance Letters of Credit Confirmed by Bank of Cyprus (London) Ltd a method by which UK exporters to Cyprus as beneficiaries under Usance Letters of Credit have the possibility of discounting their claims.