Bound vectors, such as force vectors, are fixed in space and cannot be moved parallel to any location, which distinguishes them from free vectors that can be relocated. The dot and cross products of bound vectors can be calculated similarly to free vectors, provided they share the same initial point for the cross product. When bound vectors have different initial points, their cross product is still valid in three-dimensional space, yielding a vector perpendicular to both. However, the sum of two bound vectors with different initial points can only be determined by their effects on an object, as they cannot be freely added like free vectors. Understanding the distinctions between bound and free vectors is crucial for accurate vector analysis in physics.