What Does AIC Stand For?
AIC stands for Allowance Item Code
The Allowance Item Code (AIC) is a unique identifier used in financial and inventory management systems to categorize and track specific items within an allowance framework. This code streamlines the process of budgeting, allocation, and reporting by enabling efficient monitoring of expenses related to designated allowances, ensuring accuracy and clarity in financial documentation.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym