contract out vs decline

contract out is not a noun while decline is a noun.

Word	Noun	Adjective	Verb	Adverb
contract out	No	No	Yes	No
decline	Yes	No	Yes	No

As verbs, decline is a hypernym of contract out; that is, decline is a word with a broader meaning than contract out:

Other hypernyms of contract out include refuse.

contract out (noun)	decline (noun)
	a downward slope or bend
	a gradual decrease; as of stored charge or current
	change toward something smaller or lower
	a condition inferior to an earlier condition; a gradual falling off from a better state; decline

contract out (verb)	decline (verb)
refuse to pay a levy to a union for political use	grow smaller
assign a job to someone outside one's own business	grow worse
	show unwillingness towards
	inflect for number, gender, case, etc.
	go down
	fall in value
	not accept as true