Reliance: meaning, definitions and examples

🤝

Add to dictionary

reliance

[ rɪˈlaɪəns ]

^{Context #1}

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}

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:

🇵🇹 confiança

🇮🇳 विश्वास

🇩🇪 Vertrauen

🇮🇩 kepercayaan

🇺🇦 довіра

🇵🇱 zaufanie

🇯🇵 信頼 (しんらい)

🇫🇷 confiance

🇪🇸 confianza

🇹🇷 güven

🇰🇷 신뢰 (신뢰)

🇸🇦 ثقة

🇨🇿 důvěra

🇸🇰 dôvera

🇨🇳 信任 (xìnrèn)

🇸🇮 zaupanje

🇮🇸 traust

🇰🇿 сенім

🇬🇪 ნდობა

🇦🇿 etibar

🇲🇽 confianza

Word origin

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.