Basic and Generic

noun

• A popular programming language that is relatively easy to learn; an acronym for beginner's all-purpose symbolic instruction code; no longer in general use.
• Usually plural. ( a necessary commodity for which demand is constant)
  • synonyms: staple

adjective

• Pertaining to or constituting a base or basis.
  • usage: "a basic fact"; "the basic ingredients"; "basic changes in public opinion occur because of changes in priorities"
• Reduced to the simplest and most significant form possible without loss of generality.
  • usage: "a basic story line"; "a canonical syllable pattern"
  • synonyms: canonic, canonical
• Serving as a base or starting point.
  • usage: "a basic course in Russian"; "basic training for raw recruits"; "a set of basic tools"; "an introductory art course"
  • synonyms: introductory
• Of or denoting or of the nature of or containing a base. .

• (a.) Relating to a base; performing the office of a base in a salt.
• (a.) Said of crystalline rocks which contain a relatively low percentage of silica, as basalt.
• (a.) Apparently alkaline, as certain normal salts which exhibit alkaline reactions with test paper.
• (a.) Having the base in excess or the amount of the base atomically greater than that of the acid or exceeding in proportion that of the related neutral salt.

• Name Meaning: Diminutive of Basil: Royal. Kingly. St Basil the Great was Bishop of Caesarea in the latter half of the 4th century. This name was introduced into Western Europe by the Crusaders. Derived from the same Greek word as the plant name basil
• Name Origin: Greek

noun

• A wine that is a blend of several varieties of grapes with no one grape predominating; a wine that does not carry the name of any specific grape.
  • synonyms: generic wine
• Any product that can be sold without a brand name.

adjective

• Relating to or common to or descriptive of all members of a genus.
  • usage: "the generic name"
• Of drugs. ( not protected by trademark)
  • usage: "`Acetaminophen' is the generic form of the proprietary drug `Tylenol'"
• Applicable to an entire class or group.
  • usage: "is there a generic Asian mind"

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.