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pol·i·cy1  (p  l   -s  ) KEY NOUN: pl. pol·i·cies
- A plan or course of action, as of a government, political party, or business, intended to influence and determine decisions, actions, and other matters: American foreign policy; the company's personnel policy.
- A course of action, guiding principle, or procedure considered expedient, prudent, or advantageous: Honesty is the best policy.
- Prudence, shrewdness, or sagacity in practical matters.
ETYMOLOGY:Middle English policie, art of government, civil organization, from Old French ; see police
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