excise vs cut out

excise is a noun but cut out is not a noun.

Word	Noun	Adjective	Verb	Adverb
excise	Yes	No	Yes	No
cut out	No	Yes	Yes	No

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

excise (noun)	cut out (noun)
a tax that is measured by the amount of business done (not on property or income from real estate)

excise (adjective)	cut out (adjective)
	having been cut out

excise (verb)	cut out (verb)
remove by cutting	delete or remove
remove by erasing or crossing out or as if by drawing a line	cease operating
levy an excise tax on	intercept (a player)
	strike or cancel by or as if by rubbing or crossing out
	form and create by cutting out
	cut off and stop