Definition of policy
- n. - Civil polity.
- n. - The settled method by which the government and affairs of a
nation are, or may be, administered; a system of public or official
administration, as designed to promote the external or internal
prosperity of a state.
- n. - The method by which any institution is administered; system
of management; course.
- n. - Management or administration based on temporal or material
interest, rather than on principles of equity or honor; hence, worldly
wisdom; dexterity of management; cunning; stratagem.
- n. - Prudence or wisdom in the management of public and private
affairs; wisdom; sagacity; wit.
- n. - Motive; object; inducement.
- v. t. - To regulate by laws; to reduce to order.
- n. - A ticket or warrant for money in the public funds.
- n. - The writing or instrument in which a contract of insurance
is embodied; an instrument in writing containing the terms and
conditions on which one party engages to indemnify another against loss
arising from certain hazards, perils, or risks to which his person or
property may be exposed. See Insurance.
- n. - A method of gambling by betting as to what numbers will be
drawn in a lottery; as, to play policy.