cold cuts vs lunch meat

cold cuts and lunch meat both are nouns.

Word	Noun	Adjective	Verb	Adverb
cold cuts	Yes	No	No	No
lunch meat	Yes	No	No	No

As nouns, lunch meat is a hyponym of cold cuts; that is, lunch meat is a word with a more specific, narrower meaning than cold cuts:

cold cuts: sliced assorted cold meats
lunch meat: any of various sausages or molded loaf meats sliced and served cold

Other hyponyms of cold cuts include luncheon meat.

cold cuts (noun)	lunch meat (noun)
sliced assorted cold meats	any of various sausages or molded loaf meats sliced and served cold