policy

¹ American  

[pol-uh-see] / ˈpɒl ə si /

noun

plural

policies

1. a definite course of action adopted for the sake of expediency, facility, etc..

   We have a new company policy.

   Synonyms:

   rule, principle, strategy

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. prudence or expediency; shrewdness.

   Showing great policy, he pitted his enemies against one another.

   Synonyms:

   wit, calculation, acumen, prudence

   Antonyms:

   naiveté

5. Rare. government; polity.

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policy ² American  

[pol-uh-see] / ˈpɒl ə si /

noun

plural

policies

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. numbers pool.

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policy ¹ British  

/ ˈpɒlɪsɪ /

noun

1. a plan of action adopted or pursued by an individual, government, party, business, etc

2. wisdom, prudence, shrewdness, or sagacity

3. (often plural) the improved grounds surrounding a country house

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policy ² British  

/ ˈpɒlɪsɪ /

noun

1. a document containing a contract of insurance

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Usage

What does policy mean? Policy most commonly refers to a rule or plan of action, especially an official one adopted and followed by a group, organization, or government.Policy is most commonly used in the context of laws (government policy), a country’s course of action toward others (foreign policy), and the standards or rules that all members of an organization must follow (such as company policy and school policy). Policy also has several other meanings, including an insurance contract.Example: Management encourages carpooling, but they haven’t made it an official company policy yet.

Etymology

Origin of policy¹

First recorded in 1350–1400; Middle English policie “art of government, government, civil administration,” from Middle French, from Latin polītīa polity

Origin of policy²

First recorded in 1555–65; from Middle French police “written proof, documentary evidence,” (from Italian polizza, from Medieval Latin apodissa, apodīxa “receipt, security,” ultimately from Greek apódeixis “a showing or setting forth”; apodictic, -sis ) + -y ³

Example Sentences

Investors seem to share that interpretation and are clearly concerned —stock-market futures fell early in the session as increased policy ructions hit a market that has just registered a record high.

From MarketWatch

Powell has insisted the central bank sets policy based on economic conditions, not political preferences.

From The Wall Street Journal

Investors are now watching coming U.S. economic data and policy signals for clues on whether the rally can be sustained.

From The Wall Street Journal

AI, tech self-reliance, improving earnings, Beijing’s policy support and more active Hong Kong listing and fundraising pipelines that keep liquidity and attention high have all boosted domestic stocks, she added.

From The Wall Street Journal

His deployment of troops to fight jihadists in Somalia, and an open-door policy to refugees, won favour from foreign donors, even as they triggered corruption scandals at home.

From Barron's

Related Words

• action
• administration
• approach
• arrangement
• behavior
• code
• guideline
• management
• method
• plan
• practice
• program
• protocol
• rule
• scheme
• strategy
• theory