noun “policy”
singular policy, plural policies or uncountable
- a formal principle or set of guidelines used by an organization or government to manage actions or decisions
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The government introduced a new health policy to provide free vaccinations for children.
- a document describing guidelines used by an organization
They asked everyone to read the company policy carefully before signing the agreement.
- a principle upon which one's behaviour is based
It might be good policy to remain silent until you fully understand the situation.
- a contract of insurance
John decided to buy a home insurance policy after a severe storm damaged his roof.