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policy (2)

pol·i·cy [ pólləssee ] (plural pol·i·cies)


noun 
Definition:
 
1. contract: a contract that exists between an insurance company and a person or organization buying insurance services, or the document that lists the contract terms

2. U.S. numbers game: a game of chance, e.g. a daily lottery, where participants bet on what the number will be

[Mid-16th century. Via French< Provençal polissa, Catalan police]
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