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What is compile time binding and runtime binding?

Compile time binding:

If it is known at compile time where the program will be loaded in memory, then the compiler generates the absolute code. The compiler (or assembler) generates absolute addresses for the symbolic addresses of variables and function names at the time of compilation. The MS-DOS programs are bound at compile time.

Runtime binding:

In dynamic binding, the addresses of instructions and data in the memory are decided at run time. If a process can be moved from one part of memory to another part during execution, then binding is done at run time. Special hardware (CPU register) must be available for this scheme to work. This method is used in most general-purpose operating systems,

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