Originally Posted by
PeteHski
Livery is a very formal, classical term for a colour scheme. I have never heard of it used in the context of bike colours, but maybe the C&V crowd might use it.
I think I'd only be inclined to seriously use it on a bike with a racing livery, like Pinarello in Banesto livery, Cannondale in Saeco livery, etc.
Livery is also commonly used by trainspotters and planespotters.