Binomial refers to a mathematical expression that has two terms connected by either addition or subtraction. It is a simpler way to describe a mathematical equation or formula with only two parts. Full definition
The free boundary provides an adequate decomposition of binomial tree constituents which makes decisions for American put options with a very long lifespan. (essayschief.com)
Though he was not the first to label organisms by species and genus, Linnaeus consistently used binomial nomenclature and grouped genera into higher taxa according to shared features. (sciencenews.org)
Two questions (7 and 6d) were excluded from the factor analysis due to low communality values, and these were also analysed separately using generalized linear model with binomial error distribution. (journals.plos.org)