The term binding refers to the connection between a function call and
the actual code executed as a result of the call. Early Binding: If
which function is to be called is known at the compile-time it is known
as static or early binding. Dynamic Binding: If which function is to be
called is decided at run time it is called as late or dynamic binding.
Dynamic binding is so called because the actual function called at
run-time depends on the contents of the pointer. For example, call to
virtual functions, call to functions to be linked from dlls use late