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Abbreviation: NIC
  1. Newly industrialized country
     
  2. Nicaragua
Noun: NIC
Usage: UK
  1. A mandatory payment made by employees, employers, and the self-employed in the UK, used to fund state benefits such as pensions, healthcare, and unemployment support
    "Her NICs ensure she qualifies for a state pension";
    - National Insurance Contribution [UK]

Derived forms: NICs

Encyclopedia: NIC