Definition of policying:
(n) :
A principle of behaviour, conduct which an entity (government, organization, etc.) applies or seeks to follow, especially as formally expressed by an authoritative body.
(n) :
A document describing such a policy.
(n) :
(law) A contract of insurance.
(n) :
(law) A document containing or certifying this contract.
(n) :
Wise, advantageous, or politic conduct; prudence, formerly also with connotations of craftiness.
(v) :
(transitive) To regulate by laws; to reduce to order.