Policy

Policy

Merriam-Webster Online Dictionary
policy (noun)
1.
a) prudence or wisdom in the management of affairs
b) management or procedure based primarily on material interest
2.
a) a definite course or method of action selected from among alternatives and in light of given conditions to guide and determine present and future decisions
b) a high-level overall plan embracing the general goals and acceptable procedures especially of a governmental body
policy (noun)
1.
a writing whereby a contract of insurance is made
2.
a) a daily lottery in which participants bet that certain numbers will be drawn from a lottery wheel
b) - number
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