reliance

Reliance refers to the trust or confidence one place in another’s ability, integrity, or forecast. It involves depending on someone or something because they are expected to fulfill a promise, perform a duty, or provide accurate information. In legal or financial contexts, reliance often implies that one party depends on another’s representations or actions, which can influence decisions or outcomes. Essentially, reliance is the act of depending on someone or something because of the belief that they will act correctly or as expected.