Definition Definition

policy - Meaning and Examples

Meaning of 'policy' (Webster Dictionary)

1 . Policy [ n.]
- Civil polity.
- The settled method by which the government and affairs of a nation are, or may be, administered; a system of public or official administration, as designed to promote the external or internal prosperity of a state.
- The method by which any institution is administered; system of management; course.
- Management or administration based on temporal or material interest, rather than on principles of equity or honor; hence, worldly wisdom; dexterity of management; cunning; stratagem.
- Prudence or wisdom in the management of public and private affairs; wisdom; sagacity; wit.
- Motive; object; inducement.
- A ticket or warrant for money in the public funds.
- The writing or instrument in which a contract of insurance is embodied; an instrument in writing containing the terms and conditions on which one party engages to indemnify another against loss arising from certain hazards, perils, or risks to which his person or property may be exposed. See Insurance.
- A method of gambling by betting as to what numbers will be drawn in a lottery; as, to play policy.
2 . Policy [ v. t.]
- To regulate by laws; to reduce to order.

Meaning of 'policy' (Princeton's WordNet)

1 . policy [ n]
Meaning (1):
- a plan of action adopted by an individual or social group
Example in sentence:
  • a politician keeps changing his policies;
  • it was a policy of retribution
Meaning (2):
- a line of argument rationalizing the course of action of a government
Example in sentence:
  • they debated the policy or impolicy of the proposed legislation
Meaning (3):
- written contract or certificate of insurance
Example in sentence:
  • you should have read the small print on your policy