POLICY meaning: 1. a set of ideas or a plan of what to do in particular situations that has been agreed to…. Learn more.
Definition of policy noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Policy most commonly refers to a rule or plan of action, especially an official one adopted and followed by a group, organization, or government.
A policy is a statement of intent and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making.
What is “Policy”? Policy is a law, regulation, procedure, administrative action, incentive, or voluntary practice of governments and other institutions. Policy decisions are frequently reflected in resource allocations. Health can be influenced by policies in many different sectors.
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.
There are 12 meanings listed in OED's entry for the noun policy, seven of which are labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.
When a policy is at the end of its period and there is money from it, it matures. The things that are covered by a policy are those for which the policy will pay.