sheet vs slip of paper

sheet and slip of paper both are nouns.

Word	Noun	Adjective	Verb	Adverb
sheet	Yes	No	Yes	No
slip of paper	Yes	No	No	No

As nouns, slip of paper is a hyponym of sheet; that is, slip of paper is a word with a more specific, narrower meaning than sheet:

Other hyponyms of sheet include slip, signature, folio, leaf, tear sheet, foolscap, style sheet, worksheet, revenue stamp, stamp.

sheet (noun)	slip of paper (noun)
bed linen consisting of a large rectangular piece of cotton or linen cloth; used in pairs	a small sheet of paper
(nautical) a line (rope or chain) that regulates the angle at which a sail is set in relation to the wind
a flat artifact that is thin relative to its length and width
a large piece of fabric (usually canvas fabric) by means of which wind is used to propel a sailing vessel
paper used for writing or printing
newspaper with half-size pages
any broad thin expanse or surface
(mathematics) an unbounded two-dimensional shape

sheet (verb)	slip of paper (verb)
cover with a sheet, as if by wrapping
come down as if in sheets