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Statements, rules or assertions that specify the correct or expected behavior of an entity. For example, an authorization policy might specify the correct access control rules for a software component.
NIST SP 800-95 from Open Grid Services Architecture Glossary of Terms
NISTIR 7621 Rev. 1 from NIST SP 800-95
A statement of objectives, rules, practices or regulations governing the activities of people within a certain context.