standee vs cutout

standee and cutout both are nouns.

Word	Noun	Adjective	Verb	Adverb
standee	Yes	No	No	No
cutout	Yes	No	No	No

As nouns, cutout is a hypernym of standee; that is, cutout is a word with a broader meaning than standee:

standee (noun)	cutout (noun)
a lifesize cardboard cutout (usually of a celebrity)	a part that is cut out or is intended to be cut out
someone who stands in a place where one might otherwise sit (as a spectator who uses standing room in a theater or a passenger on a crowded bus or train)	a photograph from which the background has been cut away
	a switch that interrupts an electric circuit in the event of an overload