Correct, in the Koine Greek, logos is the word that's actually used. Logos is a bit deeper than words, and is more akin to a universal principle of order that governs the cosmos.
"In the beginning was the logos" is like saying in the beginning were the laws of physics, and God is the laws of physics and the laws of physics are God.[1]
[1] This also entirely depends on which framework you are translating from. This would be accurate from the stoic interpretation of the logos but differs from a more mystical Johannine interpretation, in which the logos is outside the physical universe, not just operating within it. Logos is like the source code of the universe.
"In the beginning was the logos" is like saying in the beginning were the laws of physics, and God is the laws of physics and the laws of physics are God.[1]
[1] This also entirely depends on which framework you are translating from. This would be accurate from the stoic interpretation of the logos but differs from a more mystical Johannine interpretation, in which the logos is outside the physical universe, not just operating within it. Logos is like the source code of the universe.