tricolor vs colored

tricolor and colored both are nouns.

Word	Noun	Adjective	Verb	Adverb
tricolor	Yes	Yes	No	No
colored	Yes	Yes	No	No

tricolor (noun)	colored (noun)
a flag having three colored stripes (especially the French flag)	a United States term for Blacks that is now considered offensive

tricolor (adjective)	colored (adjective)
having or involving three colors	having color or a certain color; sometimes used in combination
	(used of color) artificially produced; not natural
	having skin rich in melanin pigments;
	favoring one person or side over another