Meaning of “generic” in the English Dictionary

(Definition of “generic” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"generic" in American English

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genericadjective

us /dʒəˈner·ɪk/

relating to or shared by a whole group of similar things; not specific to any particular thing:

Jazz is a generic term for a wide range of different styles of music.

Generic also means not having a trademark:

a generic drug

genericnoun [ C ]

us /dʒəˈner·ɪk/

a product, esp. a drug, that is no longer owned or legally controlled by a particular company:

The biggest difference between the brand-name drugs and the generics is price.

(Definition of “generic” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"generic" in Business English

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genericadjective

uk /dʒəˈnerɪk/ us

shared by, typical of, or relating to a whole group of similar things, rather than to any particular thing:

The new range of engines all had a generic problem with their fan blades.

MARKETING generic products do not have a brand name and do not legally belong to a particular company, so any company can manufacture them:

The study found large variations in quality for both brand-name and generic drugs.
generic equivalents/versions Generic versions of the drugs would surely be cheaper.

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(Definition of “generic” from the Cambridge Business English Dictionary © Cambridge University Press)

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generic

In the report, we stress how important it is for countries that have been hit hard by these diseases to be able to import cheap and generic medicines.
Such guidance comes in the form of inter alia reference price systems, doctors' own budgets for medicinal products, and generic substitution.
Thirdly, we must put provisions in place which enable the production of generic versions of essential medicines that are still patented but that are unaffordable in developing countries.
The fact that we have 500 amendments is to do with the different lobbies and, above all, with the conflict between new and generic medicines.
According to the proposed amendment, the generic expression of the relevant elements should be replaced with a positive list of elements.
We drew up generic matrices with these countries, at their request, for it was they who provided the content for the agreements.
He is completely aware that it is important to protect patent rights whilst allowing generic medicines to enter the internal market.
In this review we are not only encouraging research and innovation but we are also trying to get generic medicines on to the market more quickly.
We need to get the balance right with access to generic medicines and innovation and research and the needs of the pharmaceutical companies.
Because no one has been able to demonstrate a direct and unique link between industrial protection and the success of generic products.