The institutions can be considered as the rules of the behavior, the binding conditions of the people's transactions.

制度可以看作是行为的规则，对交易行为起着约束作用。

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Under these conditions, nothing will happen when you press the Submit button, since your binding is enforcing the fact that the data currently is not valid.

在这种情况下，按Submit按钮时什么事情也不会发生，因为绑定使当前数据成为无效的。

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This agreement is legally binding so it is important to ensure you understand the terms and conditions.

该协议具有法律约束力，所以重要的是要确保您了解的条款和条件。

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Most developing and developed nations agree that global emissions need to come down, but few are willing to accept binding cuts without certain (and often conflicting) conditions.

FORBES: It's Crunch Time For Kyoto

Buyers and suppliers who have no binding relationship, by contrast, and who stick to standard legal tenders without reference to current difficult market conditions, could find themselves in a new realm of uncharted territory with little trust.

WSJ: United They'll Stand