party vs dance

party and dance both are nouns.

Word	Noun	Adjective	Verb	Adverb
party	Yes	No	Yes	No
dance	Yes	No	Yes	No

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

party: an occasion on which people can assemble for social interaction and entertainment
dance: a party for social dancing

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

party (noun)	dance (noun)
an occasion on which people can assemble for social interaction and entertainment	taking a series of rhythmical steps (and movements) in time to music
a gathering of people for pleasure	an artistic form of nonverbal communication
an organization to gain political power	a party for social dancing
a band of people associated temporarily in some activity	a party of people assembled for dancing
a person involved in legal proceedings

party (verb)	dance (verb)
have or participate in a party	move in a pattern; usually to musical accompaniment; do or perform a dance
	move in a graceful and rhythmical way
	skip, leap, or move up and down or sideways