equation vs status

equation and status both are nouns.

Word	Noun	Adjective	Verb	Adverb
equation	Yes	No	No	No
status	Yes	No	No	No

As nouns, status is a hypernym of equation; that is, status is a word with a broader meaning than equation:

equation: a state of being essentially equal or equivalent; equally balanced
status: the relative position or standing of things or especially persons in a society

Other hypernyms of equation include position.

equation (noun)	status (noun)
the act of regarding as equal	the relative position or standing of things or especially persons in a society
a mathematical statement that two expressions are equal	a state at a particular time
a state of being essentially equal or equivalent; equally balanced