NIC Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “NIC” in the English Dictionary

"NIC" in Business English

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NICnoun [C]

uk   us  
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 ​statepension.
ECONOMICS abbreviation for newly industrialized country : The NICs, especially Hong Kong and Singapore, are ​competing to become ​regionalbusinesscentres.
(Definition of NIC from the Cambridge Business English Dictionary © Cambridge University Press)
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“NIC” in Business English

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