noun (plural policies)
1 [C,U] ~ (on sth) a plan of action agreed or chosen by a political party, a business, etc:
the present government's policy on education * The company has adopted a firm policy on shoplifting. * US foreign / domestic policy * They have had a significant change in policy on paternity leave. * a policy document
2 [C,U] (formal) a principle that you believe in that influences how you behave; a way in which you usually behave:
She is following her usual policy of ignoring all offers of help. * (saying) Honesty is the best policy.
3 [C] a written statement of a contract of insurance:
Check the terms of the policy before you sign.
