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A .bin file is sort of a universal file for binary file. So it can be anything from a rom for an emulator, to image/sound data for a game. There are a few widely used utilizations for .bin files. One of them is CD images.
Example of a trash can/recycling bin containing files icon, here designed by the Tango Desktop Project. In computing, the trash (also known as the recycle bin and by other names) is temporary storage for files that have been deleted in a file manager by the user, but not yet permanently erased from the file system.