Early Binding

The variable is declared to be of a specific object data type.
The process of an object being assigned to a variable is called binding and there are two types (early and late).
The object which a property or method belongs to is resolved at compile time.

Dim wdApp As Word.Application 
Set wdApp = New Word.Application

This is much faster than late binding and is the preferred method.
The other advantage of early binding is that the Editor can display method and property Intellisense.

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