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Feedback is most effective when it is presented close in time to the actual behavior.
Holder
A person or entity that legally possesses a document, such as a promissory note or check, and has the right to enforce its terms.
Endorsement
A signature or statement of support for a person, product, or service, often used in the context of financial instruments to transfer rights to another party.
Transferee
The party to whom rights, titles, or interests are transferred or assigned from another party.
Receiving
The process of accepting delivery of goods, verifying them against purchase orders, and formally acknowledging possession.
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