/ Dictionary / Index M master policy: Meaning and Definition of Find definitions for: mas'ter pol"icy Pronunciation: [key] a single policy covering a group of people, typically employees of a company, issued to an employer. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. master point master race Related Content Daily Word Quiz: supine Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language