Definition of "policy" []

• A plan or course of action, as of a government, political party, or business, intended to influence and determine decisions, actions, and other matters: American foreign policy; the company's personnel policy. (noun)
• A course of action, guiding principle, or procedure considered expedient, prudent, or advantageous: Honesty is the best policy. (noun)
• Prudence, shrewdness, or sagacity in practical matters. (noun)
• A written contract or certificate of insurance. (noun)
• A numbers game. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "If Greek thought gives us no guidance in foreign policy, it is no more helpful, except very indirectly, in another difficult region, that of _industrial policy_."
• "In general, the healthier you are, the better the price you will get by buying a term policy the conventional way."
• "Parents can get life insurance for their children in the form of a term policy of five or 10 years, for example or a universal policy, which locks in a rate permanently and has no end-date."