What's the difference between no/low-code and just an application? Most of these just seem like a solidly built application that allows users to do complex things. MS Word is a no-code application to generate documents, Photoshop is a no-code application to generate images, Chrome is a no-code application to explore the web. "no-code" just seems like a marketing term.
Hopefully that makes sense. I think the key bits here are "it's being built through a GUI" and "you are building an application that will be executed later."