Description: Binding Time refers to the moment when a variable or function in a C++ program is associated with its value or definition. This concept is fundamental in programming as it determines when and how references to variables and functions in the code are resolved. In programming languages, binding time can be static or dynamic. Static binding occurs at compile time, meaning that references to variables and functions are resolved before the program runs. This allows for optimizations in the code and greater execution efficiency. On the other hand, dynamic binding occurs at runtime, allowing for greater flexibility, as references can change during program execution. This concept is especially relevant in the context of object-oriented programming, where virtual functions and inheritance can influence how method calls are resolved. Understanding binding time is crucial for developers as it affects program behavior, memory management, and performance optimization.