What do you mean by paracrine secretion?

The effects of hormones depend on how they are released. Hence, signalling effects can be classified into the following:

Autocrine: The hormone act on the cell that secreted it.
Paracrine: The hormone act on a nearby cell without having to enter the blood circulation.
Intracrine: The hormone is produced in the cell and acts intracellularly means inside the cell.
Endocrine: The hormone act on the target cells once it is released from the respective glands into the bloodstream