phrase vs formularize

phrase is a noun but formularize is not a noun.

Word	Noun	Adjective	Verb	Adverb
phrase	Yes	No	Yes	No
formularize	No	No	Yes	No

As verbs, formularize is a hyponym of phrase; that is, formularize is a word with a more specific, narrower meaning than phrase:

Other hyponyms of phrase include ask, lexicalise, lexicalize, dogmatise, dogmatize, formularise, cast, couch, frame, put, redact.

phrase (noun)	formularize (noun)
dance movements that are linked in a single choreographic sequence
an expression consisting of one or more words forming a grammatical constituent of a sentence
a short musical passage
an expression whose meanings cannot be inferred from the meanings of the words that make it up

phrase (verb)	formularize (verb)
put into words or an expression	express as a formula
divide, combine, or mark into phrases