/ Dictionary / Index O open policy: Meaning and Definition of Find definitions for: o'pen pol'icy Pronunciation: [key] — Insurance. Insurance. a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. open plan open-pollinated Related Content Daily Word Quiz: belligerent Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language