The BindImage action binds each executable that needs to be bound to the DLLs imported by it by computing the virtual address ...

The BindImage action binds each executable that needs to be bound to the DLLs imported by it by computing the virtual address of each function that is imported from all DLLs. The computed virtual address is then saved in the importing image's Import Address Table (IAT). The action works on each file installed locally.