Usage, Usance

Usage, Usance
"Legal Lexicon":
USAGE, USANCE - Long and uniform practice. In its most extensive meaning this term includes custom and prescription, though it differs from them in a narrower sense, it is applied to the habits, modes, and course of dealing which are observed in trade generally, as to all mercantile transactions, or to some particular branches of trade.
Usage of trade does not require to be immemorial to establish it; if it be known, certain, uniform, reasonable, and not contrary to law, it is sufficient. But evidence of a few instances that such a thing has been done does not establish a usage.
The usages of trade afford ground upon which a proper construction may be given to contracts. By their aid the indeterminate intention of parties and the nature and extent of their contracts arising from mere implications or presumptions, and act of an equivocal character may be ascertained; and the meaning of words and doubtful expressions may become known.
Courts will not readily adopt these usages, because they are not unfrequently founded in mistake.
USANCE - The term usance comes from usage, and signifies the time which by usage or custom is allowed in certain countries, for the payment of a bill of exchange.
The time of one, two or three mouths after the date of the bill, according to the custom of the places between which the exchanges run.
Double or treble is double or treble the usual time, and half usance is half the time. Where it is necessary to divide a month upon a half usance, which is the case when the usance is for one month or three, the division, notwithstanding the difference in the length of the months, contains fifteen days.
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English-Chinese law dictionary (法律英汉双解大词典). 2013.

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  • usance — ● usance nom féminin (de user) Conditions particulières imposées par la Banque de France à certains effets de commerce au réescompte. ⇒USANCE, subst. fém. A. Vx., au plur. Coutumes, usages établis. Comment renoncer aux usances câlines, au confort …   Encyclopédie Universelle

  • Usance — Us ance, n. [F. See {Use}, v. t.] [1913 Webster] 1. Use; usage; employment. [Obs.] Spenser. [1913 Webster] 2. Custom; practice; usage. [Obs.] Gower. Chaucer. [1913 Webster] 3. Interest paid for money; usury. [Obs.] Shak. [1913 Webster] 4. (Com.)… …   The Collaborative International Dictionary of English

  • usance — Usance. sub. f. Usage receu. L usance du pays, des lieux. Il sign. aussi, En matieres de lettres de change, terme d un mois. Il y a une lettre sur un tel à usance, elle est payable à deux usances, à trois usances …   Dictionnaire de l'Académie française

  • usage — Usage, m. penac. C est ce que le Latin dit Vsus, dont il descend. Usage aussi se prent pour coustume, et selon ce on trouve souvent au coustumier de France ces deux mots Usage, et coustume pour une mesme chose, d autant que coustume n est autre… …   Thresor de la langue françoyse

  • usance — ou usage, Vsura, Vsus …   Thresor de la langue françoyse

  • usance — [yo͞o′zəns] n. [ME < MFr < usant, prp. of user: see USE] 1. the time allowed for the payment of a foreign bill of exchange, as established by custom 2. Obs. a) USE b) USAGE c) …   English World dictionary

  • usance — (u zan s ) s. f. 1°   Usage reçu (vieilli en ce sens). L usance du pays, des lieux. 2°   Terme pour le payement des lettres de change, déterminé suivant l usage des places sur lesquelles elles sont tirées ; ce terme est souvent de trente jours.… …   Dictionnaire de la Langue Française d'Émile Littré

  • USANCE — s. f. Usage reçu. L usance du. pays, des lieux. Ce sens est vieux.  Il signifie aussi, en parlant Des lettres de change, Terme de trente jours. Il a une lettre sur un tel à usance. Elle est payable à deux usances, à trois usances …   Dictionnaire de l'Academie Francaise, 7eme edition (1835)

  • usance — /yooh zeuhns/, n. 1. Com. a length of time, exclusive of days of grace and varying in different places, allowed by custom or usage for the payment of foreign bills of exchange. 2. Econ. the income of benefits of every kind derived from the… …   Universalium

  • usage — I (Roget s IV) n. 1. [Custom] Syn. practice, wont, rule, habit, habiture, convention, way, method, mode, routine, rote, formula, acceptance, regulation, currency. 2. [Accepted language] Syn. good usage, grammatical usage, approved diction; see… …   English dictionary for students

  • usance — noun Date: 14th century 1. usage 1a 2. use, employment 3. a. obsolete usury b. interest 4. the time allowed by custom for payment of a bill of exchange in foreign commerce …   New Collegiate Dictionary

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