First, let's acknowledge that the context we're discussing is explaining to someone new to Python how Python works with function arguments.
Now, if someone asks if lead-acid batteries work using chemistry, and you say "they use physics", then they will probably end up with a fairly inaccurate picture of how lead-acid batteries work. What you've told them is technically correct, but it isn't practically useful.
It is the same if someone asks how Python passes arguments to functions and you say "it's pass-by-value". You've told them something technically correct, but they're going to think inaccurate things like that passing an object to a function copies all of the object's properties like a struct in C.
Even if you say "it's pass-by-value but the values are not what you think", you haven't actually added to their understanding by that phrase. You're better off explaining conceptually how it works, describing it as "call-by-sharing", and then explaining what that means. It will signal their brain to allocate space for a new concept, and not to drag in erroneous ideas from existing concepts. After they understand how it works, you can explain that call-by-sharing is actually just a spoonful of sugar to help the call-by-value go down.
Here's the thing: words are there to help us communicate. If you use a word in a way that is technically correct but conveys the wrong idea to your listener, you're doing it wrong.
Here's the other thing: this is computer science. In computer science, as in all math, you often encounter a concept that is "really just" some other concept. When you come to that realization about a concept that you understand superficially, it can be transformative, taking you to a deeper level of comprehension. When someone asks you about the concept, you'll want to share that deep comprehension with them, so it's natural to want to jump right into it and explain it by connecting it to the general case. But they will not understand if you do that.
You can't teach someone addition by starting with ring theory, after all.