policy in WordNet English dictionary

1. written contract or certificate of insurance
   "you should have read the small print on your policy"
   policy  insurance policy  insurance 
   
2. a plan of action adopted by an individual or social group
   "it was a policy of retribution"; "a politician keeps changing his policies"
   policy 
   
3. a line of argument rationalizing the course of action of a government
   "they debated the policy or impolicy of the proposed legislation"
   policy