Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “NIC”

NIC

noun [C]    
TAX abbreviation for National Insurance Contributions: payments made to the UK government by companies and employees so that employees can receive money when they are unable to work because they are ill, too old to work, etc.: Her NIC record does not give her a full basic state pension.
ECONOMICS abbreviation for newly industrialized country: The NICs, especially Hong Kong and Singapore, are competing to become regional business centres.
(Definition of NIC noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of NIC

More Business English definitions for “NIC”

Word of the Day

limber up

to do gentle exercises to stretch the muscles in order to prepare the body for more active physical exercise

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More