What is Late Binding and Early Binding?
Answers
Early Binding and Late binding
The compiler performs a process called binding when an object is assigned to an object variable. The early binding (static binding) refers to compile time binding and late binding (dynamic binding) refers to runtime binding.
Early Binding (Static binding)

When perform Early Binding, an object is assigned to a variable declared to be of a specific object type. Early binding objects are basically a strong type objects or static type objects. While Early Binding, methods, functions and properties which are detected and checked during compile time and perform other optimizations before an application executes. The biggest advantage of using early binding is for performance and ease of development.
Late binding (Dynamic binding)

By contrast, in Late binding functions, methods, variables and properties are detected and checked only at the run-time. It implies that the compiler does not know what kind of object or actual type of an object or which methods or properties an object contains until run time. The biggest advantages of Late binding is that the Objects of this type can hold references to any object, but lack many of the advantages of early-bound objects
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Answer:
Explanation:
Early Binding and Late binding
The compiler performs a process called binding when an object is assigned to an object variable. The early binding (static binding) refers to compile time binding and late binding (dynamic binding) refers to runtime binding.
Early Binding (Static binding)
When perform Early Binding, an object is assigned to a variable declared to be of a specific object type. Early binding objects are basically a strong type objects or static type objects. While Early Binding, methods, functions and properties which are detected and checked during compile time and perform other optimizations before an application executes. The biggest advantage of using early binding is for performance and ease of development.
Late binding (Dynamic binding)
By contrast, in Late binding functions, methods, variables and properties are detected and checked only at the run-time. It implies that the compiler does not know what kind of object or actual type of an object or which methods or properties an object contains until run time. The biggest advantages of Late binding is that the Objects of this type can hold references to any object, but lack many of the advantages of early-bound objects