policy

policy definition - business

policy

  1. A written contract issued by an insurance company to a policyholder that serves as evidence of insurance coverage.
  2. An established plan or standard course of action that is to be followed.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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