Policy meaning

pŏlĭ-sē
Frequency:
A written contract in which one party guarantees to insure another against a specified loss, damage, injury, etc. in return for payments, usually periodic, called premiums.
noun
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A principle, plan, or course of action, as pursued by a government, organization, individual, etc.

Foreign policy.

noun
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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.
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A written contract or certificate of insurance.
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Wise, expedient, or prudent conduct or management.
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(now rare) Specifically, political shrewdness or (formerly) cunning; statecraft. [from 15th c.]
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(Scotland, now chiefly in the plural) The grounds of a large country house. [from 18th c.]
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To regulate by laws; to reduce to order.
verb
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A number pool lottery.
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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.

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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.

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A numbers game.
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A principle of behaviour, conduct etc. thought to be desirable or necessary, especially as formally expressed by a government or other authoritative body. [from 15th c.]

The Communist Party has a policy of returning power to the workers.

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Wise or advantageous conduct; prudence, formerly also with connotations of craftiness. [from 15th c.]
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Origin of policy

  • 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. apo– deiknunai to show deik- in Indo-European roots

    From American Heritage Dictionary of the English Language, 5th Edition

  • Middle English policie art of government, civil organization from Old French police

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Middle French policie, from Late Latin politia (“citizenship; government"), classical Latin polÄ«tÄ«a (in Cicero), from Ancient Greek πολιτεία (politeia, “citizenship; polis, (city) state; government"), from πολίτης (politÄ“s, “citizen"). Compare police.

    From Wiktionary

  • From Middle French police, from Italian polizza, from Medieval Latin apodissa (“receipt for money"), from Ancient Greek ἀπόδειξις (apodeixis, “proof, declaration")

    From Wiktionary