POLICY

I. noun (plural -cies) Usage: often attributive see: police Date: 15th century 1. prudence or wisdom in the management of affairs, management or procedure based primarily on material interest, 2. a definite course or method of action selected from among alternatives and in light of given conditions to guide and determine present and future decisions, a high-level overall plan embracing the general goals and acceptable procedures especially of a governmental body, II. noun (plural -cies) see: apodictic Date: 1565 a writing whereby a contract of insurance is made, 2. a daily lottery in which participants bet that certain numbers will be drawn from a lottery wheel, number 7a