policy

To reduce to order; regulate by laws; police.

A written contract by which a person, company, or party engages to pay a certain sum on certain contingencies, as in the case of fire or shipwreck, in the event of death, etc., on the condition of receiving a fixed sum or percentage on the amount of the risk, or certain periodical payments. See insurance.

A ticket or warrant for money in the public funds.

A form of gambling in which bets are made on numbers to be drawn by lottery. [U. S.].

Polity; administration; public business.