Meaning of binds when picked up and equipped

Q u o t e:
can anyone tell me what is the meaning of binds when picked up and binds when equipped that appear on some items

The following has been taken directly from our Item Basics page:

Q u o t e:
Soulbound Items
Many items, particularly magic items, are Soulbound. An item that is soulbound is permanently bound to a specific player and cannot be transferred to another character in any way. A player can vendor, disenchant, or destroy his soulbound item, but cannot trade or sell it to another player. Items become soulbound in a variety of ways: on pickup, on creation, or when equipped. You will receive an alert indicating that the item will become soulbound by performing the relevant action.

To reiterate, certain items are bound to a player and cannot be traded. There are four different ways to know how an item will be bound:

Bind on Equip - The item will bind to you once you have equipped the item
Bind on Pickup - The item will bind to you once you have picked the item up
Bind of Use - The item will bind to you once you have used the item
Soulbound - The item is already bound to you

For more information on items, please visit the Item Basic page, found here:
http://www.worldofwarcraft.com/info/items/basics.html

If you require further clarification, please let me know, Zeonx. :)

Q u o t e:
Slow poke!

Sheesh!

To be honest, I'm much more concerned with giving a thorough answer to help answer future questions than I am about speed. :)

I appreciate you encouraging me to be faster, however.

And thank you, Urraca. I have added Bind on Use. :)