This unique Letter Size Hanging Ring Binder with Label Holder combines the practicality of a ring binder with the convenience of a hanging file. Special hooks pull out to hang the binder. Simply retract them to take the binder to meetings. Binder's DublLock rings hold papers securely so sheets cannot fall out even when binder is hanging. Space-efficient binder fits conventional file drawers, hanging file systems and the hanging binder file rack.