Terminology Database

Terms or Phrases
Term | policy

Glossary Definitions

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Dictionary Definitions

  • n., 1. The general principles by which a government is guided in its management of public affairs. 2. A document containing a contract of insurance. 3. A type of lottery in which bettors select numbers to bet on and place the bet with a “policy writer”. [Black’s Law Dictionary, 8th ed. c2004]
  • n., 1. The instrument evidencing a contract. Insurance acts. 2. A government commitment to the public to follow an action or course of action in pursuit of approved objectives. [The Dictionary of Canadian Law, 3rd ed. c2004]
  • n., A formal statement of direction or guidance as to how an organization will carry out its mandate, functions or activities, motivated by determined interests or programs. See also: best practice; guideline; rule; standard.