Definition Of policy


a contract of insurance.

they took out a joint policy

a course or principle of action adopted or proposed by a government, party, business, or individual.

the administration's controversial economic policies

an illegal lottery or numbers game.

Example Of policy

  • a course of policy and wisdom

  • A valued policy is a policy which specifies the agreed value of the subject matter insured.

  • As a whole this group has failed to propose an active policy for the working class.

  • Bear in mind that the MVA is only applied if money is taken out of the fund - if the policy is cashed in.

  • economic policy

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