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Policy
01
a set of ideas or a plan of action that has been chosen officially by a group of people, an organization, a political party, etc.
Examples
The government introduced a new fiscal policy to stimulate economic growth.
The company implemented a strict no-smoking policy within its premises.
02
written contract or certificate of insurance
Examples
She received her car insurance policy in the mail.
The policy specifies the coverage limits for property damage.
