nip vs clip

nip and clip both are nouns.

Word	Noun	Adjective	Verb	Adverb
nip	Yes	No	Yes	No
clip	Yes	No	Yes	No

As nouns, clip is a hypernym of nip; that is, clip is a word with a broader meaning than nip:

Other hypernyms of nip include clipping, snip, bite, chomp.

As verbs, nip and clip are synonyms defined as:

Other synonyms of nip include nip off, snip, snip off.

nip (noun)	clip (noun)
a small sharp bite or snip	the act of clipping or snipping
a tart spicy quality	a sharp slanting blow
the property of being moderately cold	a metal frame or container holding cartridges; can be inserted into an automatic gun
the taste experience when a savoury condiment is taken into the mouth	any of various small fasteners used to hold loose articles together
a small drink of liquor	an article of jewelry that can be clipped onto a hat or dress
	an instance or single occasion for some event

nip (verb)	clip (verb)
squeeze tightly between the fingers	terminate or abbreviate before its intended or proper end or its full extent
sever or remove by pinching or snipping	attach with a clip
give a small sharp bite to	sever or remove by pinching or snipping
	cultivate, tend, and cut back the growth of
	run at a moderately swift pace