Ionic Compound: A type of binary compound formed by the transfer of electrons between a metal and a nonmetal, resulting in the creation of positively and negatively charged ions that are held together by electrostatic forces.
Covalent Compound: A type of binary compound formed by the sharing of electrons between a metal and a nonmetal, resulting in the creation of molecules held together by covalent bonds.
Molecular Formula:The simplest whole number ratio of atoms of each element present in a binary compound, which represents the composition of the compound.