time lag vs wait

time lag and wait both are nouns.

Word	Noun	Adjective	Verb	Adverb
time lag	Yes	No	No	No
wait	Yes	No	Yes	No

As nouns, time lag and wait are synonyms defined as:

Other synonyms of time lag include delay, hold, postponement.

time lag (noun)	wait (noun)
time during which some action is awaited	the act of waiting (remaining inactive in one place while expecting something)
	time during which some action is awaited

time lag (verb)	wait (verb)
	look forward to the probable occurrence of
	serve as a waiter or waitress in a restaurant
	stay in one place and anticipate or expect something
	wait before acting