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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