policy

US /ˈpɑlɪsi/

UK /'pɒləsɪ/

A2TOEIC
n.NounDocument stating terms of an insurance agreement
The new insurance policy was much more expensive than the old one
n.NounCourse of action proposed by an organization, etc.
The policy needed updating to reflect the change in the law
n.NounA principle of behaviour or action felt to be wise or expedient for a particular context.
Honesty is the best policy.

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