slang term vs slang word

slang term and slang word both are nouns.

Word	Noun	Adjective	Verb	Adverb
slang term	Yes	No	No	No
slang word	Yes	No	No	No

As nouns, slang term and slang word are synonyms defined as:

slang term and slang word: a word or expression that is outside of standard usage and is very informal

Other synonyms of slang term include slang expression.

slang term (noun)	slang word (noun)
informal language consisting of words and expressions that are not considered appropriate for formal occasions; often vituperative or vulgar	a word or expression that is outside of standard usage and is very informal
a word or expression that is outside of standard usage and is very informal