Ultraviolet spectropolarimetry acquired with the Hubble Space Telescop
e of the peculiar Seyfert galaxy Mrk 231 is combined with new high-qua
lity ground-based measurements to provide the first, nearly complete,
record of its linear polarization from 1575 to 7900 Angstrom. The acco
mpanying ultraviolet spectrum portrays the heavily extinguished emissi
on-line spectrum of the active nucleus plus the emergence of a blue co
ntinuum shortward of similar to 2400 Angstrom. In addition, absorption
features due to He I lambda 3188, Mg I lambda 2853, Mg II lambda 2798
, and especially several resonance multiplets of Fe II are identified
with a well-known optical absorption system blueshifted similar to 460
0 km s(-1) with respect to the emission lines. The continuum is attrib
uted to similar to 10(5) hot, young stars surrounding the nucleus. Thi
s component dilutes the polarized nuclear light, implying that the int
rinsic polarization of the active galactic nucleus (AGN) spectrum appr
oaches 20% at 2800 Angstrom. The rapid decline in degree of polarizati
on toward longer wavelengths is best explained by the strongly frequen
cy-dependent scattering cross section of dust grains coupled with mode
st starlight dilution. Peculiar S-shaped inflections in both the degre
e and position angle of polarization through H alpha and other major e
mission lines are interpreted as effects of scattering from two region
s offset in velocity by several hundred km s(-1). A third source of (w
eakly) polarized flux is required to explain a nearly 40 degrees rotat
ion in position angle between 3200 and 1800 Angstrom. The displaced ab
sorption features, polarimetry, and optical/infrared properties of Mrk
231 all point to its classification as a low-ionization, or ''Mg II''
broad absorption line quasar, in which most, if not all, lines of sig
ht to the active nucleus are heavily obscured by dust and low-ionizati
on gas clouds.