molding vs decoration

molding and decoration both are nouns.

Word	Noun	Adjective	Verb	Adverb
molding	Yes	No	No	No
decoration	Yes	No	No	No

As nouns, decoration is a hypernym of molding; that is, decoration is a word with a broader meaning than molding:

Other hypernyms of molding include ornament, ornamentation.

molding (noun)	decoration (noun)
a preliminary sculpture in wax or clay from which a finished work can be copied	the act of decorating something (in the hope of making it more attractive)
the act of creating something by casting it in a mold	something used to beautify
a decorative recessed or relieved surface on an edge	an award for winning a championship or commemorating some other event
a decorative strip used for ornamentation or finishing
sculpture produced by molding