There are 2 main definitions of policy in English:

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policy1

Syllabification: pol·i·cy
Pronunciation: /ˈpäləsē
 
/

noun (plural policies)

1A course or principle of action adopted or proposed by a government, party, business, or individual: the administration’s controversial economic policies it is not company policy to dispense with our older workers
More example sentences
  • Its real failure was that it adopted the policies that you now propose for the SEP.
  • The Commissioners meet once a week to develop and adopt proposals on new policies and legislation.
  • As a whole this group has failed to propose an active policy for the working class.
Synonyms
plans, strategy, stratagem, approach, code, system, guidelines, theory;
line, position, stance, attitude
practice, custom, idea, procedure, conduct, convention
1.1 archaic Prudent or expedient conduct or action: a course of policy and wisdom

Origin

late Middle English: from Old French policie 'civil administration', via Latin from Greek politeia 'citizenship', from politēs 'citizen', from polis 'city'.

Definition of policy in:

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There are 2 main definitions of policy in English:

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policy2

Syllabification: pol·i·cy
Pronunciation: /ˈpäləsē
 
/

noun (plural policies)

1A contract of insurance: they took out a joint policy
More example sentences
  • It must also be borne in mind that the insurer was aware of the terms of the dredging contract when the policy was issued.
  • If the driver was covered by a policy of insurance there would usually be no need for such an action.
  • You can buy policies from your mortgage provider, bank, and an insurance broker.

Origin

mid 16th century: from French police 'bill of lading, contract of insurance', from Provençal poliss(i)a, probably from medieval Latin apodissa, apodixa, based on Greek apodeixis 'evidence, proof', from apodeiknunai 'demonstrate, show'.

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