policy

policy
/'pɒlɪsi/ noun
1. a course of action or set of principles determining the general way of doing something
● a company’s trading policy
● The country’s economic policy seems to lack any direction.
● We have a policy of only hiring qualified staff.
● Our policy is to submit all contracts to the legal department.
♦ company policy the company’s agreed plan of action or the company’s way of doing things
● What is the company policy on credit?
● It is against company policy to give more than thirty days’ credit.
2. a contract for insurance
♦ to take out a policy to sign the contract for an insurance and start paying the premiums
● She took out a life insurance policy or a house insurance policy.

Dictionary of banking and finance. 2015.

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  • policy — pol‧i‧cy [ˈpɒlsi ǁ ˈpɑː ] noun plural policies 1. [countable] also inˈsurance ˌpolicy INSURANCE a contract with an insurance company, or an official written statement giving all the details of such a contract: • She did not realize that her… …   Financial and business terms

  • Policy — Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum, account book …   The Collaborative International Dictionary of English

  • policy — pol·i·cy 1 / pä lə sē/ n pl cies: an overall plan, principle, or guideline; esp: one formulated outside of the judiciary obligated to consider legislative policy on the matter in their decision policy 2 n pl cies: a contract of insurance; also:… …   Law dictionary

  • policy — policy1 [päl′ə sē] n. pl. policies [ME policie < OFr < L politia < Gr politeia: see POLICE] 1. a) Obs. government or polity b) Now Rare political wisdom or cunning 2. wise, expedient, or prudent conduct or management …   English World dictionary

  • Policy — Pol i*cy, n.; pl. {Policies}. [L. politia, Gr. ?; cf. F. police, Of. police. See {Police}, n.] 1. Civil polity. [Obs.] [1913 Webster] 2. The settled method by which the government and affairs of a nation are, or may be, administered; a system of… …   The Collaborative International Dictionary of English

  • policy — Ⅰ. policy [1] ► NOUN (pl. policies) 1) a course or principle of action adopted or proposed by an organization or individual. 2) archaic prudent or expedient conduct or action. ORIGIN Greek politeia citizenship , from polis city . Ⅱ …   English terms dictionary

  • Policy — Pol i*cy, v. t. [imp. & p. p. {Policied}; p. pr. & vb. n. {Policying}.] To regulate by laws; to reduce to order. [Obs.] Policying of cities. Bacon. [1913 Webster] …   The Collaborative International Dictionary of English

  • Policy of 3 — Allgemeine Informationen Genre(s) Emocore Gründung 1989 Auflösung 1995 Website …   Deutsch Wikipedia

  • policy — There are two separate words with this spelling: (1) meaning ‘a course or principle of action’ derived ultimately from the Greek word polis ‘city’, and (2) meaning ‘a contract of insurance’ derived ultimately from the Greek word apodeixis… …   Modern English usage

  • policy — [n] procedure, tactics action, administration, approach, arrangement, behavior, channels, code, course, custom, design, guideline, line, management, method, order, organization, plan, polity, practice, program, protocol, red tape*, rule, scheme,… …   New thesaurus

  • Policy — This article is about policies in general. For government policy, see Public policy. For other uses, see Policy (disambiguation). A policy is typically described as a principle or rule to guide decisions and achieve rational outcome(s). The term… …   Wikipedia

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