purchasepolicy
nounUK /ˈpɜːtʃɪs ˈpɒləsi/
US /ˈpɜːrtʃɪs ˈpɑːləsi/
A purchase policy is a set of rules that tells people how to buy things.
The store's purchase policy says you must show your receipt to return an item.
OTHER MEANINGS
2. A company's official rules about how its employees may buy goods and services.
Under the purchase policy, staff must get approval before ordering new laptops.
3. A government's rules for buying supplies and equipment.
The city's purchase policy requires fair bidding for large contracts.
4. The rules a customer agrees to when buying something online.
Read the purchase policy before you click 'pay now'.