gossip vs schmooze

gossip and schmooze both are nouns.

Word	Noun	Adjective	Verb	Adverb
gossip	Yes	No	Yes	No
schmooze	Yes	No	Yes	No

As nouns, schmooze is a hypernym of gossip; that is, schmooze is a word with a broader meaning than gossip:

Other hypernyms of gossip include chat, confab, confabulation, schmoose.

As verbs, schmooze is a hyponym of gossip; that is, schmooze is a word with a more specific, narrower meaning than gossip:

Other hyponyms of gossip include jawbone, schmoose, shmoose, shmooze.

gossip (noun)	schmooze (noun)
light informal conversation for social occasions	an informal conversation
a report (often malicious) about the behavior of other people
a person given to gossiping and divulging personal information about others

gossip (verb)	schmooze (verb)
wag one's tongue; speak about others and reveal secrets or intimacies	talk idly or casually and in a friendly way
talk socially without exchanging too much information