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1. Link Time:        References/Symbol Resolution

2. Load Time:        Relocation more specifically Absolute code Generation

3. Compile Time: Token Analysis in Lexical Analysis

4. Run Time:          Activation record (Procedure are pushed into stack and sub procedure are taken into Consideration it all done at Run Time)

Ref: Runtime Environments

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Linker do main task symbol resolution.conversion of relocatable code to relocatable addresses .

Loader perform program loading and also relocation.

Compile time =》Token recognition

Allocation of activation records in runtime environment.

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