Component, constituent (4)
I believe the answer is:
part
I believe this is a double definition.
'component' is the first definition.
(a component is a part of something)
'constituent' is the second definition.
(a part is a constituent of something)
(Other definitions for part that I've seen before include "Constituent - something to play?" , "Piece, segment" , "Fraction of the whole - separate" , "Piece; divide" , "Section of a whole" .)