In the most general terms static binding means that references are resolved at compile time .
It depends when the binding happens: at compile time (static) or at runtime (dynamic). Static binding is used when you call a simple class method. When you start dealing with class hierarchies and virtual methods, compiler will start using so called VTABLEs.
At that time the compiler doesn't know exactly what method to call and it has to wait until runtime to figure out the right method to be invoked (this is done through VTABLE). This is called dynamic binding.
The difference between the two are dynamic implies movement while static implies stationary.
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