Webster's Revised Unabridged Dictionary · 1913

Generic

Generic , adjective

[Latin genus, generis, race, kind: compare French générique. See Gender.]

1.
(Biology) Pertaining to a genus or kind; relating to a genus, as distinct from a species, or from another genus; as, a generic description; a generic difference; a generic name.
2.
Very comprehensive; pertaining or appropriate to large classes or their characteristics; -- opposed to specific.
3.
(Commerce) Not protected by trademark; -- used especially of the names of medications; as, a generic drug; the generic name of Rogaine is minoxidil.

Since patented medications cannot be sold except under license from the patentee, medication which is still under patent is not typically sold as a generic drug, that is, sold under its generic name, though it can be referred to by its generic name.

Also: Generical