policy ( policies plural )
1 n-var 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 UN's policy-making body.
2 n-count An official organization's policy on a particular issue or towards a country is their attitude and actions regarding that issue or country.
usu poss N
...the government's policy on repatriation., ...the corporation's policy of forbidding building on common land.
3 n-count An insurance policy is a document which shows the agreement that you have made with an insurance company. (BUSINESS) usu N n You are advised to read the small print of household and motor insurance policies.
policy-making , policymaking
Policy-making is the making of policies. n-uncount oft N n
He will play a key background role in government policy-making.
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"Collins Cobuild English Dictionary for Advanced Learners 4th edition published in 2003 © HarperCollins Publishers 1987, 1995, 2001, 2003 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"