No, the meaning is a little different. Depending on context, you can use:
Sentence - a complete sentence with a subject and verb
Phrase - may be a complete sentence or part of a sentence
Term - usually 1-3 words that have a specific meaning together
Saying - a common phrase or idiom
Clause - part of a sentence, but this is a more formal grammatical term
"Wording" is the choice of words or order of words in a sentence, so it is better to use the ones I've listed above for the meaning you described. However, you can ask, "Is this sentence worded correctly?" or "Is this phrase appropriate in this sentence?"