(your) words; what you say; what you have said
a few words (of welcome, advice, etc.)
「御言葉」 has another reading with different meanings.
God's word; word of God
御言葉に感謝します。
Thank you for your kind words.
先生の御言葉を大切にしている。
I hold my teacher's words dear.
身に余る御言葉をいただき恐縮です。
I am humbled by your generous words.