What is STANDARD INDUSTRIAL CLASSIFICATION (SIC) CODE?

A method of classifying a business or industrial activity. Established in USA in 1987 and is being replaced by North American Industry Classification System, NAICS. It covers Mexican and Canadian industries. See Standard International Trade Classification.

More On This Topic



Link to This Definition
Did you find this definition of STANDARD INDUSTRIAL CLASSIFICATION (SIC) CODE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary