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Business Dictionary :
Bind
Bind
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Bind : verb : to tie or to attach
• The company is bound by its articles of association.
• He does not consider himself bound by the agreement which was signed by his predecessor.
NOTE : binding - bound
Binder : noun :
(a) stiff cardboard cover for papers
Ring Binder = cover with rings in it which fit into special holes made in sheets of paper
(b) US : temporary agreement for insurance sent before the insurance policy is issued
NOTE : The GB English for this is cover note.
Binding : adjective : an agreement which legally forces someone to do something
• A binding contract
• This document is not legally binding.
• The agreement is binding on all parties = all parties signing it must do what is agreed.