policy

To reduce to order; regulate by laws; police.

A written contract by which a person, company, or party engages to pay a certain sum on certain contingencies, as in the case of fire or shipwreck, in the event of death, etc., on the condition of receiving a fixed sum or percentage on the amount of the risk, or certain periodical payments. See insurance.

A ticket or warrant for money in the public funds.

A form of gambling in which bets are made on numbers to be drawn by lottery. [U. S.]

Polity; administration; public business.

Object or course of conduct, or the principle or body of principles to be observed in conduct; specifically, the system of measures or the line of conduct which a ruler, minister, government, or party adopts and pursues as best for the interests of the country, as regards its foreign or its domestic affairs: as, a spirited foreign policy; the commercial policy of the United States; a policy of peace; public policy.

Prudence or wisdom in action, whether public or private; especially, worldly wisdom: as, honesty is the best policy.

In Scotland, the pleasure-grounds around a nobleman’s or gentleman’s country house.

To regulate by laws; to reduce to order.

Civil polity.