reliance


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reliance

n. acting upon another's statement of alleged fact, claim, or promise. In contracts, if someone takes some steps ("changes his position" is the usual legal language) in reliance on the other's statement, claim or promise then the person upon whom the actor relied is entitled to contend there is a contract he/she can enforce. However, the reliance must be reasonable. (See: reasonable reliance)

reliance

noun acceptance, affiance, assurance, assuredness, belief, certainty, certitude, confidence, conviction, credence, credulity, dependability, dependence, expectation, faith, fides, fiducia, security, support, sureness, troth, trust
See also: confidence, credence, credibility, credit, faith, mainstay, outlook, prospect, safety, security, trust, weight
References in periodicals archive ?
In 2013, Reliance Industries has projected a significant growth in the number of its employees involved in the retail business.
Reliance Jio is relying on companies such as Reliance Communications, Bharti Airtel and Viom Networks to roll out its services.
Apart from Reliance Infrastructure, Justice Lokur and his wife also hold shares in various other Reliance companies.
Under those conditions, Weiden said, Reliance believes its reserves are adequate to pay the claims that it receives.
Because J did not disclose to P the simultaneous gifts, J cannot claim RCGF reliance on P's advice.
Reliance Globalcom, a division of Reliance Communications, spearheads the Global Telecom operations of India's largest Integrated Telecom Service Provider.
This Court also has implied that, in such a situation, reliance on the opinion of a tax advisor may constitute reasonable cause for failure to file a return.
Reliance Globalcom owns the worlds largest private undersea cable system spanning 65,000 kilometers (km) seamlessly integrated with Reliance Communications over 175,000 rkms of domestic optic fiber provides a robust Global Service Delivery Platform connecting 40 key business markets in India, the Middle East, Asia, Europe, and the U.
As a part of quadruple launch festivities, Reliance Digital has put in place an exclusive offer wherein customers stand a chance to win free Rs.
Philadelphia-based Reliance joined forces with Andersen Consulting to apply the technology needed to implement the company's new approach to claims handling.
While our name has changed, our services and passion for customer service remain the same," said John Scanlon, president of Reliance Globalcom's Enterprise business unit.
Reliance Retail Limited (RRL), a subsidiary of Reliance Industries Limited opened its first retail store in November 2006 and today operates more than 1,000 stores in over 86 cities, spanning 14 states and serving over 2.

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