This section is from the book "Two Years' Course In English Composition", by Charles Lane Hanson. Also available from Amazon: Two Years' Course In English Composition.
A noun is either proper (one's own name, Fred) or common (a name common to a class of objects, table). Three varieties of common nouns deserve special mention: collective nouns, - names of groups (school, class, family, nation, company); abstract nouns, - names of qualities, or attributes, separated from the objects that possess them (kindness, honesty, distance, truth); and verbal nouns, - names of actions. They are formed from verbs (walking, to walk, seeing, to see).
 
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