* Noun: This is the most common usage. It refers to a plan or course of action adopted or proposed by an organization or government.
* Example: "The company's new hiring policy is to prioritize diversity."
* Adjective: This is less common but still possible. It means relating to or characteristic of a policy.
* Example: "The policy debate lasted for hours."
Let me know if you have a specific sentence in mind, and I can help you determine the part of speech for "policy" in that context!