pip vs marking

pip and marking both are nouns.

Word	Noun	Adjective	Verb	Adverb
pip	Yes	No	Yes	No
marking	Yes	No	No	No

As nouns, marking is a hypernym of pip; that is, marking is a word with a broader meaning than pip:

Other hypernyms of pip include mark, marker.

pip (noun)	marking (noun)
a mark on a die or on a playing card (shape depending on the suit)	evaluation of performance by assigning a grade or score
a radar echo displayed so as to show the position of a reflecting surface	the act of making a visible mark on a surface
a small hard seed found in some fruits	a pattern of marks
a disease of poultry	a distinguishing symbol
a minor nonspecific ailment

pip (verb)	marking (verb)
defeat thoroughly
hit with a missile from a weapon
kill by firing a missile