Usance
From ACT Wiki
1.
Tenor.
2. Adjective.
'Usance' denotes that a financial instrument is payable at a future date, possibly subject to additional documents or conditions, rather than immediately.
1.
Tenor.
2. Adjective.
'Usance' denotes that a financial instrument is payable at a future date, possibly subject to additional documents or conditions, rather than immediately.