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English definition of “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 This system has mainly been replaced by the NAICS: Both SIC and NAICS classify establishments by their primary type of activity .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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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