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A policy has the following bindings:

Holder:The policy holder

...

defines the scope of the policy

...

Name:A policy must be given an unique name that describe this policy
Applications:

Optionally, you can bind the policy to a specific applicaiton or a list of applications. To specify the application(s),  select the field: Apply policy to these applications

If the field Apply policy to these applications is left empty, then the policy will be applied to all applications.