Meaning & Definition of word "Policy"

Policy

/ˈpɒl.ɪ.si/

1. A course or principle of action adopted or proposed by an organization or individual.
- Example: The company's policy on vacation days allows employees to take time off as needed.
2. A contract of insurance.
- Example: Make sure to review your health insurance policy to understand your coverage.
3. The overall plan or course of action taken by a government, organization, or individual.
- Example: The new environmental policy aims to reduce carbon emissions significantly over the next decade.
4. A statement of intent or principle, often guiding decisions in specific situations.
- Example: The school's policy against bullying is enforced with strict consequences.

From Middle French 'policie', from Latin 'politia', meaning 'government'.

company policy:

A set of guidelines set by a company that employees are expected to follow.

foreign policy:

A government's strategy in dealing with other nations.

policy change:

An alteration to previously set rules or guidelines.

insurance policy:

A contract detailing the terms of insurance coverage.

politics:

The activities associated with governance and decision-making.

policy-making:

The process of developing policies.

public policy:

The principles on which social laws are based.

Meaning: Policy wonk

Example Sentence: He's such a policy wonk; he loves debating the intricacies of healthcare reform.

Meaning: Follow the policy

Example Sentence: When in doubt, just follow the policy—they won't steer you wrong.