policy meaning and definition

POLICY noun

Definition of policy (noun)

1. a plan of action adopted by an individual or social group
   • "it was a policy of retribution"; "a politician keeps changing his policies"
2. a line of argument rationalizing the course of action of a government
   • "they debated the policy or impolicy of the proposed legislation"
3. written contract or certificate of insurance
   • "you should have read the small print on your policy"
   • synonyms: insurance, insurance policy