Hi,
The "binding" here in this context means to point(set) an column from DSV tables as Key Column/Name Column of the dimension attribute.
You could understand the process better by changing it in the test cube project.
And also key column / name column are important concept in Multidimensional Cube. You could find more description and info in this article :SQL Server Analysis Server (SSAS) KeyColumn vs NameColumn vs ValueColumn
Regards,
Lukas