Scrabble?! POLICY

Definitions of POLICY in various dictionaries:

noun - a plan of action adopted by an individual or social group

noun - a line of argument rationalizing the course of action of a government

noun - written contract or certificate of insurance

A plan or course of action, as of a government, political party, or business, intended to influence and determine decisions, actions, and other matters: American foreign policy; the company’s personnel policy.

A course of action, guiding principle, or procedure considered expedient, prudent, or advantageous: Honesty is the best policy.

Often used to modify another noun : policy statements; policy issues.

A written contract or certificate of insurance.

A numbers game.

noun - an action or a procedure considered with reference to prudence or expediency