lace vs macrame

lace and macrame both are nouns.

Word	Noun	Adjective	Verb	Adverb
lace	Yes	No	Yes	No
macrame	Yes	No	Yes	No

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

lace: a delicate decorative fabric woven in an open web of symmetrical patterns
macrame: a relatively coarse lace; made by weaving and knotting cords

Other hyponyms of lace include Brussels lace, filet, fillet, bobbin lace, pillow lace, needlepoint, point lace.

lace (noun)	macrame (noun)
a delicate decorative fabric woven in an open web of symmetrical patterns	a relatively coarse lace; made by weaving and knotting cords
a cord that is drawn through eyelets or around hooks in order to draw together two edges (as of a shoe or garment)

lace (verb)	macrame (verb)
add alcohol to (beverages)	make knotted patterns
draw through eyes or holes
spin, wind, or twist together
do lacework
make by braiding or interlacing