A binder clip, less commonly known as a banker's clip or foldover clip or ‘’bobby clip”, is a simple device for binding sheets of paper together. It leaves the paper intact and can be removed quickly and easily, unlike the staple. The term "foldback clip" is used in the United Kingdom to describe this invention (not to be confused with a Bulldog clip, an older device with the same function, which is stronger and has rigid rather than folding handles). It is also sometimes referred to as a "handbag clip" because, when not in use, its clip can be folded up to look like a handbag. This feature is used to hold the papers in place even better.

Uses

The binder clip is in common use in the modern office. It can hold a few to many sheets of paper, and is usually used in place of the paper clip for large volumes of paper. Various practical (and sometimes whimsical) alternative uses have been proposed. These include holding pieces of quilt together, creating a "beer pyramid" in a refrigerator with wire shelves, serving as a bookmark, a cheap alternative to a money clip or preventing computer cables from slipping behind desks.[1] Smaller sized clips have been commonly used as "quick fix" fitting and sizing solutions in the fashion industry.