Meaning of policy In English

• 0 a set of ideas or a plan of what to do in particular situations that has been agreed to officially by a group of people, a business organization, a government, or a political party:

  • They believe that Europe needs a common foreign and security policy.

  • What is your party's policy on immigration?

• 1 a document showing an agreement you have made with an insurance company:

  • You should check your policy to see if you're covered for flood damage.

• 2 a set of ideas or a plan for action followed by a business, a government, a political party, or a group of people:

  • The White House said there will be no change in policy.

• 3 a document showing an agreement you have made with an insurance company:

  • a life-insurance policy

• 4 a set of ideas, or a plan of what to do in particular situations, that has been agreed officially by a group of people, a business organization, a government, or a political party:

  • The government has finally announced its policy on the regulation of the financial services industry.

  • The oil markets are affected by economic policy.

  • The company policy is that most workers should retire at 60.

  • formulate/develop/implement a policy The company has now implemented its policy of Quality Control.

  • change of policy This move represents a change of policy on the part of the Board.

• 5 an agreement with an insurance company that it will provide insurance for you against particular risks, or the document showing this:

  • You should check your policy to see if you're covered for flood damage.

  • Make sure to keep your policy document in a safe place.