Binding copy refers to a book that desperately needs rebinding. The cover suffers from significant damage, or can be detached or absent completely. The text should still be completely intact, unless otherwise noted. Note that this is quite different from an advanced review copy (ARC), or advanced reading copy.
This kind of book is valued primarily for the information in it. In some cases rare books are still quite valuable despite exterior damage if the text is in good shape.
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