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Discover LudwigThe word 'usance' is correct and can be used in written English.
It is most commonly used as a noun to refer to a way of doing something or a usage. For example, you might say, "The original usance of this tradition has been kept up for hundreds of years."
Dictionary
usance
noun
The length of time permitted for the payment of a bill of exchange.
Similar(1)
Mr. Berkoff suddenly morphs into a vile creature, hunched, with a rubbery tongue that is wont to protrude, and a wheedling, plaintive voice that begins a negotiation for a pound of flesh: Signor Antonio, many a time and oft In the rialto you have rated me About my moneys and my usances; Still I have borne it with a patient shrug For sufferance is the badge of all our tribe.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com