Towards more picturesque speech
SEC guidance on plain EnglishIndex: Click to expand:
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A noun is a person, place or thing, though preferably — in the mind of a quill-wielding solicitor — an abstract thing that started out life as a verb.

As far as your counsel is concerned, the best kinds of nouns have gone through several grammar reassignment operations: That old favourite applicability started out life as a verb (“apply”), became a noun (“applicability”), reverted back to a verb — albeit a passive one — (“to be applicable”), and eventually settled on a life of tedious nounitude in its adult form as “applicability”.