In “proper” nominalization a nominalized form represents qualities and processes as “abstracted” from things and time respectively. We can talk of orders and entities in terms of existence in space, and existence in time. First-order entities/things are temporarily unbounded and exist bounded in space, second-order entities/processes are temporarily bounded and exist in time, and third-order entities/abstractions are unbounded and have existence in neither.
Nominalizations properly refer to third-order entities, e.g. “Cooking involves irreversible chemical changes”, in which cooking refers to he process as a generic type, abstracted from a particular token instance at a specific time. A second kind of nominalization involves reference to second-order entities. Here reference is to particular countable tokens of processes, e.g. “The cooking took five hours”. The third kind of nominalization has been called improper (Vendler, 1968). This refers to first-order entities, things with physical substance and often extended in space, e.g. “I like John’s cooking”, which refers to the food which results from the cooking, (the RESULT OF ACTION AS ACTION metonymy).