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What is the definition of a sic code?

April 26, 2017code definition Finance SIC taxes

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What is the definition of a sic code?

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SIC is an acronym for Standard Identification Code. A company’s SIC code contains three or four digits, signifying the type of business a company is classified as. These codes are used by the Division of Corporation Finance to make electronic data gathering, or EDGAR, more efficient.Source:U.S.