There is considerable debate as to whether the semantic system is a unitary one in which meanings are available in a peculiar, perceptual-free format, or whether it is functionally segregated into anatomically discrete, modality-specific but semantic regions. In the former case, concrete and abstract words should not differ in the amount of activation of semantic areas. Neuroimaging studies in this field are, however, far from conclusive, and one reason for this may be that the degree of imageability of the stimuli - probably a crucial variable - has not been considered. Recognition Potential (RP) reflects semantic processing and appears to originate in basal extrastriate regions involved in semantic processing. In this study, we compared the RP of concrete and abstract words that actually differ in their degree of imageability. Results indicate that the semantic processing areas in which the RP originates display a higher activation for concrete (more imageable) material, but that abstract material also evokes a notably larger RP component compared with pseudowords or unpronounceable letter strings. Accordingly, the study appears to suggest that there is no full functional segregation of the semantic systems. Rather, our data support the existence of a semantic system that is specialised in concrete, imageable material, and that is also activated, though to a lower extent, by abstract material.