What Does NIC Stand For?
NIC stands for NNIC Not In Contract
NIC, or NNIC Not In Contract, refers to a status indicating that a particular entity or individual is not currently engaged in a contractual agreement with a specified organization. This designation is often used in business contexts to identify parties that do not have the legal obligations or responsibilities outlined in a formal contract, thereby clarifying participation and compliance requirements within operations or projects.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym