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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

Nearby Words:

polacca polack polacre polander polar polarchy polaric polarily polarimeter polarimetry

See 'policy' also in:

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Related Definitions

  • Valued policy
    Valued policy is a policy that pays the face amount of insurance, regardless of actual cash value, if a total loss occurs.
  • Valued policy laws
    Valued policy laws is requiring payment to an insured of the face amount of insurance if a total loss to real property occurs from a peril specified in the law, even though the policy may state that only the
  • Specified (dread) disease policy
    Specified (dread) disease policy is a limited policy that covers only certain diseases listed in the policy, such as cancer, multiple sclerosis, or muscular dystrophy. Specified (dread) disease policy also called a
  • Package policy
    Package policy that combines two or more separate contracts of insurance in one policy, for example, homeowner’s insurance.
  • Personal umbrella policy liability
    Personal umbrella policy liability is a policy designed to provide protection against a catastrophic lawsuit or judgment, whose coverage ranges generally from $1 million to $10 million and extends
  • Policy loan
    Policy loan is a cash value of a life insurance policy that can be borrowed by the policyholder in lieu of surrendering the policy.
  • Open perils policy
    Open perils policy coverage by an insurance contract that promises to cover all losses except those losses specifically excluded in the policy.
  • Nonparticipating policy
    Nonparticipating policy is a term used to describe a life insurance policy that does not pay dividends.
  • Occurrence policy
    Occurrence policy is a liability insurance policy that covers claims arising out of occurrences that take place during the policy period,
  • Named-perils policy
    Named-perils policy coverage by an insurance contract that promises to pay only for those losses caused by perils specifically listed in the policy.

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