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Policy   /pˈɑləsi/   Listen
noun
Policy  n.  (pl. policies)  
1.
Civil polity. (Obs.)
2.
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.
3.
The method by which any institution is administered; system of management; course.
4.
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.
5.
Prudence or wisdom in the management of public and private affairs; wisdom; sagacity; wit. "The very policy of a hostess, finding his purse so far above his clothes, did detect him."
6.
Motive; object; inducement. (Obs.) "What policy have you to bestow a benefit where it is counted an injury?"
Synonyms: See Polity.



Policy  n.  
1.
A ticket or warrant for money in the public funds.
2.
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.
3.
A method of gambling by betting as to what numbers will be drawn in a lottery; as, to play policy.
Interest policy, a policy that shows by its form that the assured has a real, substantial interest in the matter insured.
Open policy, one in which the value of the goods or property insured is not mentioned.
Policy book, a book to contain a record of insurance policies.
Policy holder, one to whom an insurance policy has been granted.
Policy shop, a gambling place where one may bet on the numbers which will be drawn in lotteries.
Valued policy, one in which the value of the goods, property, or interest insured is specified.
Wager policy, a policy that shows on the face of it that the contract it embodies is a pretended insurance, founded on an ideal risk, where the insured has no interest in anything insured.



verb
Policy  v. t.  (past & past part. policied; pres. part. policying)  To regulate by laws; to reduce to order. (Obs.) "Policying of cities."






Collaborative International Dictionary of English 0.48








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"Policy" Quotes from Famous Books



... answered, recognizing the egotism of the man, but believing frankness to be the best policy. "This happens to be my first trip on the upper river, and I merely chanced to know your name because you had been pointed out to me by Captain Thockmorton. I understood from him that you represented one of the ...
— The Devil's Own - A Romance of the Black Hawk War • Randall Parrish

... with a son at such an age: who was sick of treading the galleries of Versailles and the pavement of the Court; of being married as he was, and of remaining, as it were, naked, whilst his brothers-in-law were clothed in dignities, governments, establishments, and offices,—against all policy and all example. His son, he said, was worse off than any one in the King's service, for all others could earn distinction; added, that idleness was the mother of all vice, and that it gave him much pain to see his only son abandon himself ...
— The Memoirs of Louis XIV., His Court and The Regency, Complete • Duc de Saint-Simon

... amuse and instruct, to uphold public honor and private virtue quite as much as to denounce fraud or expose official corruption. The newspaper is powerful exactly in proportion as it is successful in representing the people who read it; in following, rather than dictating, their line of policy; and, whether it exists for the people or not, it certainly endures only by their sufferance and good-will. Therefore, it is well that we consider the relations of the people at large to the newspaper; then, the editor's relation to his neighbors, the public; and, ...
— The Arena - Volume 4, No. 19, June, 1891 • Various

... the kettle, spilt boiling water on its foot, the mother vicariously assumed the scald and gave a blow in place of it; and similarly in all other cases. Would not the daily mishaps be sources of far more anger than now? Would there not be chronic ill-temper on both sides? Yet an exactly parallel policy is pursued in after-years. A father who beats his boy for carelessly or wilfully breaking a sister's toy, and then himself pays for a new toy, does substantially this same thing—inflicts an artificial penalty on the transgressor, and takes the natural penalty on himself: his own feelings ...
— Essays on Education and Kindred Subjects - Everyman's Library • Herbert Spencer

... cause of policy, The Gordian knot of it he will unloose, Familiar as his garter: that, when he speaks, The air, a chartered libertine, is still. King Henry V., ...
— The World's Best Poetry -- Volume 10 • Various


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