Generic

Generic
Refers to the characteristics and/or experience of the total universe of a coupon of MBS sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue. The New York Times Financial Glossary

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generic ge‧ner‧ic [dʒˈnerɪk] adjective [only before a noun]
1. MARKETING a generic product such as a type of food or a drug is one which is sold under its own name, rather than under the name of a particular manufacturer:

• The drug Cardizem is also known by its generic name of diltiazem

• Cut-price generic brands have stolen millions of customers from the big-name cigarettes.

• Smaller companies will increasingly share the generic market (= people buying generic products ) with bigger brand-name firms.

2. MARKETING generic advertising involves all the makers of a particular product working together to sell the product, rather than competing against each other:

• The Video Software Dealers Association announced a funding mechanism for its planned generic campaign.

3. LAW a generic word, name etc is used to talk about a whole group of things, and therefore cannot be used as a trademark:

• The court ruled that `champagne' is not a generic word and that wine sold under that name had to be produced in the Champagne region of France.

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generic UK US /dʒəˈnerɪk/ adjective
► 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.

 »

generic goods/medications/products

→ Compare PROPRIETARY(Cf. ↑proprietary)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Generic — means pertaining or appropriate to large classes or groups as opposed to specific members of the group. It may refer to:* Generic mood, a grammatical mood used to make generalized statements like Snow is white * Generic antecedents, referents in… …   Wikipedia

  • Generic — Ge*ner ic, Generical Ge*ner ic*al, a. [L. genus, generis, race, kind: cf. F. g[ e]n[ e]rique. See {Gender}.] [1913 Webster] 1. (Biol.) Pertaining to a genus or kind; relating to a genus, as distinct from a species, or from another genus; as, a… …   The Collaborative International Dictionary of English

  • generic — ge·ner·ic /jə ner ik/ adj 1: common or descriptive and not entitled to trademark protection: nonproprietary the generic name of a drug 2: having a nonproprietary name generic drugs M …   Law dictionary

  • generic — GENÉRIC, Ă, generici, ce, adj. Care aparţine unei categorii întregi, privitor la o categorie întreagă (de fiinţe, obiecte, fenomene); care cuprinde toate cazurile de acelaşi fel. ♦ (Substantivat, n.) Partea de la începutul sau de la sfârşitul… …   Dicționar Român

  • generic — or generic term [jə ner′ik] adj. [ML genericus: see GENUS & IC] 1. of, applied to, or referring to a whole kind, class, or group; inclusive or general 2. without a brand name 3. without individual character or distinctive characteristics 4 …   English World dictionary

  • generic — 1670s, belonging to a large group of objects, formed in English from L. gener , stem of genus kind (see GENUS (Cf. genus)) + IC (Cf. ic). Sense of not special, not brand name; in plain, cheap packaging, of groceries, etc., is from 1977 …   Etymology dictionary

  • generic — general, *universal, common Analogous words: typical, *regular, normal: specific (see SPECIAL) Contrasted words: individual, peculiar, distinctive, Characteristic: particular, individual, *special …   New Dictionary of Synonyms

  • generic — [adj] common, general all encompassing, blanket, collective, comprehensive, inclusive, nonexclusive, sweeping, universal, wide; concept 530 Ant. exclusive, individual, particular, specific …   New thesaurus

  • generic — ► ADJECTIVE 1) referring to a class or group; not specific. 2) (of goods) having no brand name. 3) Biology relating to a genus. DERIVATIVES generically adverb. ORIGIN from Latin genus stock, race …   English terms dictionary

  • generic — Describes the characteristics and/or experience of the total universe of a coupon of MBS sector type; that is, in contrast to a specific pool or collateral group, as in a specific CMO issue. Bloomberg Financial Dictionary * * * generic …   Financial and business terms

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