Definitions for "SIC Code"
Abbreviation for Standard Industrial Classification. Each 4-digit code represents a unique business activity.
The 1992 SIC code(s) which corresponds to the principal activity. For smaller companies, where the principal activity statement has not been captured, ICC use the SIC code filed on the Annual Return.
(Standard Industrial Classification Code)—The objective in industry classification is to have each place of business coded on the basis of its principal activity. If a firm conducts different activities at its various establishments, separate industry codes are assigned to the extent possible to each activity. Industry codes are assigned to each reportable worksite based on primary product produced or primary service delivered in accordance with the Standard Industrial Classification Manual.