policy
official rules or guidelines
A plan of rules made by a group or person to decide what to do.
[organization/government] has a policy on [topic]
- The company has a strict policy on workplace safety.
- Government policy on climate change is being debated.
- Our school’s policy requires students to wear uniforms.
- The hotel has a no-smoking policy in all rooms.
- My school has a policy about phones in class.
- The store has a refund policy.
- The city has a policy to keep parks clean.
course of action or strategy
A plan of action made to reach certain goals.
[organization/government/person] adopts a policy to [do something]
- The government's economic policy aims to reduce inflation.
- Their foreign policy focuses on building strong alliances.
- We need a clear policy for handling customer complaints.
- The bank changed its loan policy to help small businesses.
- His policy is to listen before making changes.
- Their travel policy is to book flights early.
insurance contract document
A paper that says what an insurance will pay for and how it works.
[someone] holds a policy with [insurance company]
- I need to review my car insurance policy before renewing it.
- Her life insurance policy will support her family if anything happens.
- The policy covers damage caused by storms.
- I have a health insurance policy.
- This policy pays money if my house burns.
- He bought a new car and got an insurance policy.
- Base: policy
- Plural: policies, policy
open-door policy
1practice of free access or communication
A way of working where people can come and talk anytime.
- Our manager has an open-door policy for all employees.
- An open-door policy encourages better communication.
foreign policy
1government's plan for other countries
A country's plan for how it will act toward other countries.
- The president announced changes to foreign policy.
- The president announced a change in foreign policy.
- Foreign policy decisions can affect the economy.
- Foreign policy decisions affect international trade.
monetary policy
1Government control of money supply
Actions by a country's government or central bank to control the amount of money and interest rates.
- Monetary policy can influence inflation rates.
- The central bank uses monetary policy to control inflation.
- The central bank decided to tighten monetary policy.
- Changes in monetary policy can affect economic growth.
privacy policy
1statement on data handling practices
A document that says how a company will collect and use your personal information.
- The app's privacy policy explains how they use your data.
- Always read the privacy policy before agreeing.
privacy policy
2statement on data collection and use
A paper or web page that says how a company uses your personal information.
- You should read the website's privacy policy before signing up.
- The app updated its privacy policy last month.