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There isn't a formal UX terminology for what you are describing, although some people would call this a Design Review. Where this fits in the development process will depend on the development methodology. For example, if you are following any of the Agile development methodologies, you start each Sprint by showing the team what you want them to build ...
Sometime we call it "UX Review" and sometimes we call it a "Build Review" since we're reviewing both the styling of UI elements and UX functionality in a product's current build.
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