* Covalent compounds are formed by the sharing of electrons between nonmetal atoms. In CCl4, carbon (C) and chlorine (Cl) are both nonmetals.

* Binary molecular compounds are compounds consisting of only two different elements. While CCl4 has two elements, it's not a binary molecular compound because it has four chlorine atoms.

Therefore, CCl4 is correctly called carbon tetrachloride, a covalent compound.