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Reliance: meaning, definitions and examples

๐Ÿค
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reliance

 

[ rษชหˆlaษชษ™ns ]

Noun
Context #1 | Noun

financial services

Reliance refers to a financial institution's ability to meet its financial obligations. It is the level of trust that investors and creditors have in the financial stability of the institution.

Synonyms

confidence, dependence, trust

Examples of usage

  • Investors put their money in the company because of its strong reliance.
  • The bank's reliance on short-term funding made it vulnerable in times of crisis.
Context #2 | Noun

legal

Reliance is a legal principle that one party can enforce a contract based on the other party's promises or representations. It refers to the act of acting in accordance with the assurances of another party.

Synonyms

assurance, dependence, trust

Examples of usage

  • The court found that the plaintiff had relied on the defendant's promise to their detriment.
  • The doctrine of promissory estoppel is based on the principle of reliance.

Translations

Translations of the word "reliance" in other languages:

๐Ÿ‡ต๐Ÿ‡น confianรงa

๐Ÿ‡ฎ๐Ÿ‡ณ เคตเคฟเคถเฅเคตเคพเคธ

๐Ÿ‡ฉ๐Ÿ‡ช Vertrauen

๐Ÿ‡ฎ๐Ÿ‡ฉ kepercayaan

๐Ÿ‡บ๐Ÿ‡ฆ ะดะพะฒั–ั€ะฐ

๐Ÿ‡ต๐Ÿ‡ฑ zaufanie

๐Ÿ‡ฏ๐Ÿ‡ต ไฟก้ ผ (ใ—ใ‚“ใ‚‰ใ„)

๐Ÿ‡ซ๐Ÿ‡ท confiance

๐Ÿ‡ช๐Ÿ‡ธ confianza

๐Ÿ‡น๐Ÿ‡ท gรผven

๐Ÿ‡ฐ๐Ÿ‡ท ์‹ ๋ขฐ (์‹ ๋ขฐ)

๐Ÿ‡ธ๐Ÿ‡ฆ ุซู‚ุฉ

๐Ÿ‡จ๐Ÿ‡ฟ dลฏvฤ›ra

๐Ÿ‡ธ๐Ÿ‡ฐ dรดvera

๐Ÿ‡จ๐Ÿ‡ณ ไฟกไปป (xรฌnrรจn)

๐Ÿ‡ธ๐Ÿ‡ฎ zaupanje

๐Ÿ‡ฎ๐Ÿ‡ธ traust

๐Ÿ‡ฐ๐Ÿ‡ฟ ัะตะฝั–ะผ

๐Ÿ‡ฌ๐Ÿ‡ช แƒœแƒ“แƒแƒ‘แƒ

๐Ÿ‡ฆ๐Ÿ‡ฟ etibar

๐Ÿ‡ฒ๐Ÿ‡ฝ confianza

Etymology

The word 'reliance' originated from the Middle English word 'reliance', which came from the Old French 'reliance' meaning 'trust, confidence'. It has been used in English since the 15th century to denote trust or dependence on someone or something. Over the years, the term has evolved to encompass financial, legal, and personal contexts where trust and confidence play a crucial role.

See also: reliability, reliable, reliably, reliant, reliantly, rely, unreliability, unreliable, unreliableness, unreliably.

Word Frequency Rank

At #5,426 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.