cutting vs clipping

cutting and clipping both are nouns.

Word	Noun	Adjective	Verb	Adverb
cutting	Yes	Yes	No	No
clipping	Yes	No	No	No

As nouns, clipping is a hyponym of cutting; that is, clipping is a word with a more specific, narrower meaning than cutting:

Other hyponyms of cutting include clip, snip, haircut, trim, trimming, shearing.

As nouns, cutting and clipping are synonyms defined as:

Other synonyms of cutting include newspaper clipping, press clipping, press cutting.

cutting (noun)	clipping (noun)
the act of shortening something by chopping off the ends	the act of clipping or snipping
the act of cutting something into parts	cutting down to the desired size or shape
the act of penetrating or opening open with a sharp edge	an excerpt cut from a newspaper or magazine
the activity of selecting the scenes to be shown and putting them together to create a film
the act of diluting something
removing parts from hard material to create a desired pattern or shape
the division of a deck of cards before dealing
an excerpt cut from a newspaper or magazine
a piece cut off from the main part of something
a part (sometimes a root or leaf or bud) removed from a plant to propagate a new plant through rooting or grafting

cutting (adjective)	clipping (adjective)
unpleasantly cold and damp
painful as if caused by a sharp instrument
(of speech) harsh or hurtful in tone or character