One-penis policy (OPP)
Also: OPP, one-vagina policy (OVP), one-dick policy
A controversial agreement in which a man permits his woman partner to have other women partners but not other men. Widely critiqued as enforcing male insecurity and biphobia rather than any coherent ethic.
A one-penis policy is a rule, almost always set by a man in a mixed-gender relationship, that his woman partner may date or play with other women but not with other men — so there is only ever 'one penis' in the relationship's orbit. The mirror-image one-vagina policy exists but is far less common. The arrangement is most associated with couples opening up from monogamy, and with the LifeStyle and hotwife scenes.
OPP is one of the most heavily critiqued structures in contemporary non-monogamy writing. The standard objections are that it treats women partners as less threatening (rooted in a view of queer women's relationships as not 'real'), that it manages the man's insecurity by constraining everyone else rather than by his own work, and that it is frequently biphobic — erasing the legitimacy of a bisexual woman's attraction to men. It also tends to set up the very dynamic it fears, by making the rule itself a source of resentment.
Defenders frame it as a transitional safety rail while a nervous partner adjusts. Even sympathetic writers generally argue that if it's used at all it should be named honestly as one person's insecurity-management, be explicitly temporary, and be retired as the relationship matures — rather than dressed up as a principled ethic.