Any chemical bond results from the accumulation of charge density in the binding region to an extent sufficient to balance the forces of repulsion. Ionic and covalent binding represent the two possible extremes of reaching this state of electrostatic equilibrium and there is a complete spectrum of bond densities lying between these two extremes. Since covalent and ionic charge distributions exhibit radically different chemical and physical properties, it is important, if we are to understand and predict the bulk properties of matter, to know which of the two extremes of binding a given molecule most closely approximates.
The dipole moment is defined as the product of the total amount of positive or negative charge and the distance between their centroids