- The definition of a policy is a written contract or agreement.
- An example of a policy is the written contract received from an insurance company that guarantees to insure someone against a certain type of damage.
- An example of policy is "at-will employment" which means an employer or employee is able to break employment at any time.
policy definition by Webster's New World
- Obsolete government or polity
- Now Rare political wisdom or cunning
- wise, expedient, or prudent conduct or management
- a principle, plan, or course of action, as pursued by a government, organization, individual, etc.: foreign policy
Origin: Middle English policie ; from Old French ; from Classical Latin politia ; from Classical Greek politeia: see police
- a written contract in which one party guarantees to insure another against a specified loss, damage, injury, etc. in consideration of payments, usually periodic, called premiumsin full insurance policy
- an illegal lottery in which winning numbers are drawn from a revolving drum
- the numbers (see phrase at number)
Origin: altered (infl. by policy) ; from Middle French police ; from Italian polizza ; from Midieval Latin apodixa ; from Medieval Greek apodeixis ; from Classical Greek proof ; from apodeiknynai, to display, make known: see apo- and amp; diction
policy definition by American Heritage Dictionary
noun pl. pol·i·cies
- A plan or course of action, as of a government, political party, or business, intended to influence and determine decisions, actions, and other matters: American foreign policy; the company's personnel policy.
- a. A course of action, guiding principle, or procedure considered expedient, prudent, or advantageous: Honesty is the best policy.b. Prudence, shrewdness, or sagacity in practical matters.
Origin: Middle English policie, art of government, civil organization, from Old French; see police.
noun pl. pol·i·cies
- A written contract or certificate of insurance.
- A numbers game.
Origin: Obsolete police, from French, contract, bill of lading, from Old French, from Old Italian polizza, alteration of Medieval Latin apodixa, receipt, from Medieval Greek apodeixis, from Greek, proof, from apodeiknunai, to prove : apo-, intensive pref.; see apo- + deiknunai, to show; see deik- in Indo-European roots.
policy - Business Definition
- A written contract issued by an insurance company to a policyholder that serves as evidence of insurance coverage.
- An established plan or standard course of action that is to be followed.
policy - Computer Definition
The rules and regulations set by the organization. Policy determines the type of internal and external information resources employees can access, the kinds of programs they may install on their own computers as well as their authority for reserving network resources. Policy is also related to network quality of service (QoS), because it can define priorities by user, workgroup or application with regard to reserving network bandwidth. See COPS and Internet Usage Policy.