Longman Dictionary of Contemporary English homepage

Topic: INSURANCE

Sense: 1,3
Date: 1300-1400
Language: Old French
Origin: policie, from Late Latin politia; POLICE1
Sense: 2
Date: 1500-1600
Language: French
Origin: police 'document, certificate', from Old Italian polizza, from Greek apodeixis 'proof'

policy

 noun
     
pol‧i‧cy S3 W1 plural policies
1 [uncountable and countable] a way of doing something that has been officially agreed and chosen by a political party, business, or other organization
foreign/economic/public etc policy
a foreign policy adviser
The company has adopted a strict no-smoking policy.
policy on/towards
government policy on higher education
US policy towards China
it is (somebody's) policy to do something
It is hospital policy to screen all mothers with certain risk factors.
2 [countable]BFI a contract with an insurance company, or an official written statement giving all the details of such a contract:
There's a clause in the policy that I'd like to discuss.
I've just renewed the policy (=arranged for it to continue).
Does the policy cover theft and fire?
You can take out a policy (=buy one) for as little as $11.00 a month.
3 [countable] a particular principle that you believe in and that influences the way you behave
it is somebody's policy to do something
It's always been my policy not to gossip.
Definition of policy from the Longman Dictionary of Contemporary English within
the topic INSURANCE
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