policy definition for kids - Search
  1. Dictionary

    pol·i·cy
    [ˈpäləsē]
    noun
    policy (noun) · policies (plural noun)
    1. a 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"
      • 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’.
    pol·i·cy
    [ˈpäləsē]
    noun
    policy (noun) · policies (plural noun)
    1. a contract of insurance:
      "they took out a joint policy"
    2. US ENGLISH
      historical
      an illegal lottery or numbers game:
      "he swore that he had never played policy in his life"
    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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  2. People also ask
    What is a policy definition?POLICY definition: 1. a set of ideas or a plan of what to do in particular situations that has been agreed to…. Learn more.
    What is a policy in economics?A policy is a set of ideas or plans that is used as a basis for making decisions, especially in politics, economics, or business. ...plans which include changes in foreign policy and economic reforms. ...the U.N.'s policy-making body.
    Where did the word policy come from?That word was derived from the Latin polītīa, meaning “ polity ,” a politically united group of any kind. The Latin polītīa is the basis of many related words, including politics and police. Policies come in many forms, and the singular term policy can refer to a single rule or to a set of rules.
    What is a policy & how does it work?A policy is an agreement that you have made with an insurance company, or a document that shows this. Talking about policies When you start a policy, you open it or take it out. When you end it, you cancel it. When a policy is at the end of its period and there is money from it, it matures.
     
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