Etymology
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generic (adj.)

1670s, "belonging to a large group of objects," formed in English from Latin gener-, stem of genus "race, kind" (from PIE root *gene- "give birth, beget," with derivatives referring to procreation and familial and tribal groups) + -ic. Hence "of a general kind, not special. In reference to manufactured products, "not special; not brand-name; in plain, cheap packaging," is from 1953 of drugs; of groceries, etc., from 1977. Related: Generically.

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Definitions of generic
1
generic (adj.)
relating to or common to or descriptive of all members of a genus;
the generic name
generic (adj.)
(of drugs) not protected by trademark;
`Acetaminophen' is the generic form of the proprietary drug `Tylenol'
generic (adj.)
applicable to an entire class or group;
is there a generic Asian mind?
2
generic (n.)
wine that does not meet the minimum qualifications and standards for use of a designation by appellation of origin (where the grapes are grown) or by varietal content; may only be labeled by proprietary (made-up) name, by general color (such as `vin rouge', `vino rosso', `rotwein', `red wine', etc.), or by general class (as `vin ordinaire', `vin de table', `vino da tavola', `tafelwein', `table wine', etc.);
Synonyms: generic wine
generic (n.)
any product that can be sold without a brand name;
From wordnet.princeton.edu