honor system

honor system

noun
a system whereby the students at a school, the inmates in a prison, etc., are put on their honor to observe certain rules in order to minimize administrative supervision or to promote honesty.

Origin:
1900–05, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Honor system is always a great word to know.
So is lollapalooza. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
the offspring of a zebra and a donkey.
WordNet
honor system

noun
a system of conduct in which participants are trusted not to take unfair advantage of others; "the students are on the honor system" 
WordNet® 3.0, © 2006 by Princeton University.
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