Policy

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Policy

The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance.

As applied to a law, ordinance, or Rule of Law, the general purpose or tendency considered as directed to the welfare or prosperity of the state or community.

POLICY, PUBLIC. By public policy is meant that which the law encourages for the promotion of the public good.
     2. That which is against public policy is generally unlawful. For example, to restrain an individual from marrying, or from engaging in business, when the restraint is general, in the first case, to all persons, and, in the second, to all trades, business, or occupations. But if the restraint be only partial, as that Titius shall not marry Moevia, or that Caius shall not engage in a particular trade in a particular town or, place, the restraint is not against public policy,, and therefore valid. 1 Story, Eq. Jur. Sec. 274. See Newl. Contr. 472.

References in periodicals archive ?
The company's award-winning, integrated anti-virus, file encryption and network security solutions for handhelds, laptops, desktops, servers, mail servers and firewalls provide centralized policy based management of widely dispersed user communities.
Govt, World Bank's dialogue on policy based lending continues: Spokesman
Talking to a private news channel, he said the government had adopted foreign policy based on economic development and Pakistan was following it.
The meeting was informed that In 2014, Economic Affairs Division and ADB signed 6 new projects, in addition to one policy based lending in energy sector amounting to $400 million.
Minister for Tourism Atta-ur-Rehman told on Saturday that a revised policy based on proposals/recommendations would be announced.

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