intercept vs cut out

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

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

As verbs, cut out is a hyponym of intercept; that is, cut out is a word with a more specific, narrower meaning than intercept:

Other hyponyms of intercept include cut off.

intercept (noun)	cut out (noun)
the point at which a line intersects a coordinate axis

intercept (adjective)	cut out (adjective)
	having been cut out

intercept (verb)	cut out (verb)
seize on its way	delete or remove
tap a telephone or telegraph wire to get information	cease operating
	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