policy

1 policy /ˈpɑːləsi/ noun
plural policies
1 policy
/ˈpɑːləsi/
noun
plural policies
Britannica Dictionary definition of POLICY
1 
: an officially accepted set of rules or ideas about what should be done
[count]
[noncount]
2 
: an idea or belief that guides the way you live or behave
[count]
— usually singular
[noncount]

honesty is the best policy

— see honesty
2 policy /ˈpɑːləsi/ noun
plural policies
2 policy
/ˈpɑːləsi/
noun
plural policies
Britannica Dictionary definition of POLICY
[count]
: a document that contains the agreement that an insurance company and a person have made