A principle of behaviour, conduct etc. thought to be desirable or necessary, especially as formally expressed by a government or other authoritative body.
The Communist Party has a policy of returning power to the workers.
2
Wise or advantageous conduct; prudence, formerly also with connotations of craftiness.
3
Specifically, political shrewdness or (formerly) cunning; statecraft.
4
(now chiefly in the plural) The grounds of a large country house.
verb
1
To regulate by laws; to reduce to order.
noun
1
A contract of insurance.
2
A document containing or certifying this contract.
3
An illegal daily lottery in late nineteenth and early twentieth century USA on numbers drawn from a lottery wheel (no plural)