Meaning of “binder” in the English Dictionary

"binder" in American English

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bindernoun [ C ]

us /ˈbɑɪn·dər/

a stiff cover that can hold loose papers, often having a part that fastens them:

a three-ring binder

(Definition of “binder” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"binder" in Business English

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bindernoun [ C ]

uk /ˈbaɪndər/ us

LAW a short document showing an agreement between a buyer and a seller, used for a short period while the complete document is being prepared:

a binder agreement
In the case of a real estate purchase, a binder contains the basic terms of the transaction.
A binder will give insurance coverage for a specified period of time until the actual insurance policy can be issued.
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WORKPLACE a hard cover in which paper documents can be stored:

Your report will look more professional if it is presented in an attractive binder.
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(Definition of “binder” from the Cambridge Business English Dictionary © Cambridge University Press)