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Meaning of policy

pol•i•cy

Pronunciation: (pol'u-sē), [key]
— pl. -cies.
  1. a definite course of action adopted for the sake of expediency, facility, etc.: We have a new company policy.
  2. a course of action adopted and pursued by a government, ruler, political party, etc.: our nation's foreign policy.
  3. action or procedure conforming to or considered with reference to prudence or expediency: It was good policy to consent.
  4. sagacity; shrewdness: Showing great policy, he pitted his enemies against one another.
  5. government; polity.

pol•i•cy

Pronunciation: (pol'u-sē), [key]
— pl. -cies.
  1. a document embodying a contract of insurance.
  2. a method of gambling in which bets are made on numbers to be drawn by lottery.
  3. See(def. 2).
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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