How to Memorize

a binding contract/agreement

Analysis

In the same way that to literally bind something means to tie together (binding your hands, for example); when something is said to be 'binding', it is considered unchangeable or something that is fixed or that you have agreed to. You can have a 'binding agreement', like a contract or a legal document, as if the people who have agreed to it are bound together by its terms. If you have a binding agreement there is usually a penalty if you decide to break it. This verb is especially used in legal or financial situations.

Social Examples (Advance)

1. The rules governing the European Union are binding to all Member States.
2. A verbal contract is not as binding as a written one.

Professional Examples (Advance)

1. The deal we agreed with that company is legally binding, so if they do follow through on their threat to pull out of it, we will take them to court.
2. After long negotiations, a binding agreement was reached between the two parties which came into immediate effect.

Further Suggestions