See Also: policy(1)(dictionary)
Policy(finance)
policy(dictionary)
policy(dictionary)
policy(2)(dictionary)
policy(medicine)
Fiscal policy(finance)
Umbrella policy(finance)
Valued policy(finance)
Policy limit(money)

policy (iou)



policy noun2. M16.

A contract of insurance; a document containing this. M16.
INSURANCE policy.
C. Sagan Lloyd's of London..declined to write such a policy. Which? Lump sum policies pay out..cash..when you die.
A conditional promissory note, depending on the result of a bet. Now rare. E18.
A form of gambling in which bets are made on numbers to be drawn by lottery. US. M19.
Comb.: policyholder a person, organization, etc., in whose name a policy is held; policy loan a loan granted to a policyholder using the policy as security; policy-slip US the ticket given in return for a bet on numbers to be drawn by lottery; policy wheel US a revolving drum used in the selection of winning numbers drawn by lottery.