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Word: policy
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Meaning:
Noun:
- A contract of insurance
- A course of action thought to be prudent or tactically advantageous; hence prudence or sagacity
- A number pool lottery
- A plan or course of action, especially one of an organization or government
- A statement of commitment to a broad requirement, often used in an organisation to instruct personnel as to a required outcome (note: whereas "Procedures" describe how a policy is implemented).
- obsolete An illegal daily lottery in late nineteenth and early twentieth century USA on numbers drawn from a lottery wheel (''no plural'')
- Shrewdness or artfulness
Source: Wiktionary
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