Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “policy”


noun [C]
/ˈpɒləsi/ (plural policies)
[C or U] GOVERNMENT, POLITICS, MANAGEMENT a set of ideas, or a plan of what to do in particular situations, that has been agreed officially by a group of people, a business organization, a government, or a political party: The government has finally announced its policy on the regulation of the financial services industry. The oil markets are affected by economic policy. The company policy is that most workers should retire at 60.formulate/develop/implement a policy The company has now implemented its policy of Quality Control.change of policy This move represents a change of policy on the part of the Board.
[C] (also insurance policy) INSURANCE an agreement with an insurance company that it will provide insurance for you against particular risks, or the document showing this: You should check your policy to see if you're covered for flood damage. Make sure to keep your policy document in a safe place.
→ See also closed-door policy, collective policy, credit policy, dear-money policy, domestic policy, easy monetary policy, endowment policy, fire policy, fiscal policy, foreign policy, household policy, incomes policy, monetary policy, mortgage protection policy, open-door policy, paid-up policy, scorched-earth policy, standard fire policy, survivorship policy, valued policy, with-profits, without profits
(Definition of policy from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of policy?
Add Cambridge dictionaries to your browser to your website

Definitions of “policy” in other dictionaries

Word of the Day


(a person or thing) coming before all others in order, time, amount, quality, or importance

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More