bolt cutter vs cutting tool

bolt cutter and cutting tool both are nouns.

Word	Noun	Adjective	Verb	Adverb
bolt cutter	Yes	No	No	No
cutting tool	Yes	No	No	No

As nouns, cutting tool is a hypernym of bolt cutter; that is, cutting tool is a word with a broader meaning than bolt cutter:

Other hypernyms of bolt cutter include cutlery, cutter.

bolt cutter (noun)	cutting tool (noun)
an implement for cutting bolts	a cutting implement; a tool for cutting