word vs give-and-take

word and give-and-take both are nouns.

Word	Noun	Adjective	Verb	Adverb
word	Yes	No	Yes	No
give-and-take	Yes	No	No	No

As nouns, word and give-and-take are synonyms defined as:

Other synonyms of word include discussion.

word (noun)	give-and-take (noun)
a unit of language that native speakers can identify	mutual interaction; the activity of reciprocating or exchanging (especially information)
a promise	an exchange of views on some topic
information about recent and important events	light teasing repartee
a brief statement
an exchange of views on some topic
a secret word or phrase known only to a restricted group
a verbal command for action
a string of bits stored in computer memory

word (verb)	give-and-take (verb)
put into words or an expression