UK Accounting Glossary
A guideline or plan that directs the actions taken in a company. Policies can be very specific within a single organization, or can be global rules that are followed by all companies.
The store policy is that all sales are final, so check your purchase carefully before you pay for it.
The apparel company has created a new policy on returns of their clothes, after discovering that nearly half of the customers were returning things they had worn more than once.
The Communist Party has a policy of returning power to the workers.
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This glossary post was last updated: 15th February 2020.