Policy

. Politics: (1) The basic principles by which a government is guided.
(2) The declared objectives that a government or party seeks to achieve and preserve in the interest of national community. See also public policy.

2. Insurance: The formal contract issued by an insurer that contains terms and conditions of the insurance cover and serves as its legal evidence.

3. Management: The set of basic principles and associated guidelines, formulated and enforced by the governing body of an organization, to direct and limit its actions in pursuit of long-term goals. See also corporate policy.