What is late binding and early binding in Visual Basic?

In Visual Basic, late binding and early binding refer to different ways of linking methods and properties at compile or runtime. Early binding involves linking a control or object at compile time, allowing for faster execution but requiring all objects to be known in advance. Late binding, on the other hand, links objects at runtime, providing more flexibility but potentially resulting in slower performance.

It is important to carefully consider the use of late binding and early binding in Visual Basic to optimize the performance and reliability of software applications.