policy Hear it!

policy1 definition

pol·icy (pälə sē)

noun pl. policies -·cies

    1. Obsolete government or polity
    2. Now Rare political wisdom or cunning
  1. wise, expedient, or prudent conduct or management
  2. a principle, plan, or course of action, as pursued by a government, organization, individual, etc. foreign policy

Etymology: ME policie < OFr < L politia < Gr politeia: see police

policy2 definition

pol·icy (pälə sē)

noun pl. policies -·cies

  1. 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 premiums
    1. an illegal lottery in which winning numbers are drawn from a revolving drum
    2. the numbers (see phrase at number)

Etymology: altered (infl. by policy) < MFr police < It polizza < ML apodixa < MGr apodeixis < Gr, proof < apodeiknynai, to display, make known: see apo- & diction

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