policy

noun pl. policies

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

noun pl. policies

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