The simple answer
"Grease trap" usually refers to a small under-sink or compact unit (10–100 gallons).
"Grease interceptor" usually refers to a larger unit (250+ gallons) installed outdoors or in a utility space.
But both do the same thing: trap grease before it enters the city sewer. In Los Angeles County regulations, they are all classified as "grease interceptors." Field technicians often use the terms interchangeably, and there is no strict legal difference — it is mostly a matter of size and common usage.