pay policy meaning, pay policy definition | English Cobuild dictionary

Collins

policy  

  ( policies    plural  )
1       n-var   A policy is a set of ideas or plans that is used as a basis for making decisions, especially in politics, economics, or business.  
...plans which include changes in foreign policy and economic reforms., ...the UN's policy-making body.     
2       n-count   An official organization's policy on a particular issue or towards a country is their attitude and actions regarding that issue or country.  
usu poss N  
...the government's policy on repatriation., ...the corporation's policy of forbidding building on common land.     
3       n-count   An insurance policy is a document which shows the agreement that you have made with an insurance company.     (BUSINESS)   usu N n  
You are advised to read the small print of household and motor insurance policies.     


policy-making      , policymaking  
Policy-making is the making of policies.      n-uncount   oft N n  
He will play a key background role in government policy-making.     
Translation English - Cobuild Collins Dictionary  
See also:

police, polity, poly, politic

Collaborative Dictionary     English Cobuild
n.
right granted to a general assembly to give an opinion on the salaries and bonuses of top managers
[Bus.]
n.
unconventional monetary policy used by central banks to stimulate the national economy when conventional monetary policy has become ineffective.

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"Collins Cobuild English Dictionary for Advanced Learners 4th edition published in 2003 © HarperCollins Publishers 1987, 1995, 2001, 2003 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"