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English definition of “SIC”

SIC

noun [S]
 
 
GOVERNMENT
abbreviation for Standard Industrial Classification: a system of numbers used in the US to organize industries and business activities into groups. This system has mainly been replaced by the NAICS: Both SIC and NAICS classify establishments by their primary type of activity. a list of SIC codes →  Compare the NAICS , the UK SIC
(Definition of SIC from the Cambridge Business English Dictionary © Cambridge University Press)
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