Was it an acoustic guitar or a hollow body electric? If so it is probably referring to the edging strip that is used as a trim piece where the sides join the front and back faces.
On cheaper guitars this tends to be white (or sometimes black) plastic. On more expensive models it can be an inlay of exotic woods and/or Mother of Pearl or abalone.
If you have a look at my avatar you can see the body binding as a thin white line below my right forearm.
Larry
Long time bass player (18+ years), former studio engineer/recording course Lecturer
Recently taken up 6 string again after a 15 year lapse
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