This is a kind of fascinating thread, as this seemingly simple question may not yet be totally answered with unanimity after 10 posts! Aha, the “internet” would appear to be a wonderful source for us engineers! If we look hard enough we are likely to find someone (even if it may not be Webster etc.) who spells words just about like we do. Indeed, we are also going to find a great many somewhat differently worded definitions for now seemingly obvious terms like “ferrous” (that we at least once thought we knew well). I guess also based on perhaps different interpretations or perceptions of such an apparently some nebulous term, others have even thought they have nailed down various strengths and vulnerabilities of e.g. such a class of metals (I guess it may be interesting from at least an academic standpoint to know why the original poster is asking the question?)
I nevertheless gave a “star” to metengr, as he has at least quote a contemporary and I suspect some somewhat carefully considered definition from a quite notable authority, the American Society of Metals, or ASM. I believe this is incidentally verbatim the exact same definition I noticed profered by another perhaps quite venerable institution, the American Foundry Society or AFS. I have noticed however that you may have to look very hard to find any sort of consistent definition in many documents of another quite well-known institution, ASTM, even though they have many numerous fine terminology- type standards, and the word is even used in the text and even titles of some ASTM standards! Perhaps this is nothing else signifies the difficulty of this explanation? I beleive ASTM does publish one or more definitions of “non-ferrous metals”, which it appears they say means basically metals that do not contain iron except as an impurity (ah Ron, a great many metals and other materials most would consider “non-ferrous” do contain or may contain at least a little bit of “iron”) .
Now, if we could just define exactly what is meant e.g. by ASM and AFS et al in same by “principal” or "primarily" etc. we might have it made (but it would appear the long definitions of these words from the nearly half foot thick unabridged Webster’s I have didn’t nail down many of the exact portions or fractions etc. I have seen written so far on this thread -- for this reason, his inquisition, and the excellent “Through the Looking Glass” quote by Lewis Carroll from tomwalz, I have given him a star as well for perhaps a quite apropos quotation)!