Static vs Dynamic binding

Question

I was attending an interview and the interviewer asked me this question and I got half right.

Can anybody please explain me in Layman's term that what is the difference between static and dynamic binding

Answer 1

Static binding uses Type information for binding while Dynamic binding uses Objects to resolve binding. Overloaded methods are resolved (deciding which method to be called when there are multiple methods with same name) using static binding while overridden methods using dynamic binding, i.e, at run time