policy

/ˈpɑləsi/
noun
  1. A set of rules or guidelines that an organization or government uses to make decisions.
    • The government is reviewing its immigration policy.
    • The school's new policy requires students to wear uniforms.
    • The company has a strict policy against using phones during meetings.
  2. A written contract for insurance.
    • His car insurance policy covers damage from accidents.
    • She bought a life insurance policy to protect her family.
    • Make sure you read the details of your health policy before you travel.
What does "policy" mean? | whatsthatwordmean | whatsthatwordmean