chancellorship vs situation

chancellorship and situation both are nouns.

Word	Noun	Adjective	Verb	Adverb
chancellorship	Yes	No	No	No
situation	Yes	No	No	No

As nouns, situation is a hypernym of chancellorship; that is, situation is a word with a broader meaning than chancellorship:

Other hypernyms of chancellorship include berth, office, place, position, post.

chancellorship (noun)	situation (noun)
the office of chancellor	a job in an organization
	physical position in relation to the surroundings
	the general state of things; the combination of circumstances at a given time
	a condition or position in which you find yourself
	a complex or critical or unusual difficulty