prance vs gait

prance and gait both are nouns.

Word	Noun	Adjective	Verb	Adverb
prance	Yes	No	Yes	No
gait	Yes	No	No	No

As nouns, gait is a hypernym of prance; that is, gait is a word with a broader meaning than prance:

prance (noun)	gait (noun)
a proud stiff pompous gait	a person's manner of walking
	a horse's manner of moving
	the rate of moving (especially walking or running)

prance (verb)	gait (verb)
to walk with a lofty proud gait, often in an attempt to impress others
ride a horse such that it springs and bounds forward
cause (a horse) to bound spring forward
spring forward on the hind legs