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 ?
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.
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.
Greg Webber, president of SunGard's iWORKS business unit, said, "We are pleased that Reliance Standard Life Insurance Company was recognized by Celent for its innovative use of technology in the policy administration component area.

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