(US, alternative in, _, Canada) A system, policy or understanding based on trust in the honesty, honor, or integrity of others.
Our local beekeeper leaves jars of honey for sale in his driveway. There's a coffee can for the money, and payment is on the honor system.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
See all Regional & Other slang on Slangora.