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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)
reliancenoun 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