Punctuality refers to being punctual (on time). Teachers/Empoyers admire their Students\Employees to be punctual.
"Promptness" is similar to punctuality, but focuses more on doing something quickly (or without delay).
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Punctuality and Promptness-
1. The characteristic of being able to complete a required task or fulfill an obligation before or at a previously designated time.
2. The quality or habit of adhering to an appointed time.
3. Acting or arriving exactly at the time appointed; prompt