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)