Generalized noun phrases are expressions which play the role of verbal arguments in the same way as ordinary NPs. However proper generalized NPs cannot easily occur in all argumental positions of the verb. Two types of generalized NPs are distinguished and semantically characterized and various properties of functions they denote are studied. These properties indicate similarities and differences between ordinary NPs and generalized NPs and show that generalized NPs essentially extend the expressive power of natural languages.
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