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 classic literature ?
In blind reliance -- born of her hatred for Magdalen and her hunger for revenge -- in blind reliance on her own abilities and on her friend's law, she trusted the future implicitly to the promise of the morning's work.
Unisys Corporation (NYSE:UIS) has expanded its relationship with Reliance Standard Life Insurance Company (RSL) by designing and implementing a managed services solution to help the insurer transform its payments operations while improving customer service, controlling costs, and better managing legacy investments in a dynamically changing industry landscape.
Reliance Standard Life Insurance Company provides insurance products and services in all states (except New York), the District of Columbia, Puerto Rico and the U.
com) today announced that Celent, LLC, a leading research and advisory firm focused on insurance technology strategy, has recognized SunGard customer Reliance Standard Life Insurance Company's effective use of technology in policy administration by naming it as a "Model Carrier Component" in its new report, Celent Model Carrier 2007: Case Studies in Effective Use of Technology in Insurance.
Reliance Standard Life Insurance Company, a US insurer nominated by SunGard in the policy administration area, completed a questionnaire describing its implementation of iWORKS FrontTier, SunGard's policy administration solution.

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