Binocular lenses and prisms are often coated with anti-reflective material to minimize light loss as light travels through the multiple optical surfaces of a typical binocular. Coatings help maximize the amount of light transmitted through each glass surface of a binocular, so as much light as possible reaches the observer's eyes to provide a bright and sharp image.
Good lenses are at least "fully coated," with a single layer of magnesium fluoride coating applied to each air-to-glass lens surface. Multiple layers of coatings are even more effective; the term "multi-coated" means one or more air-to-glass lens surface has multiple coatings. "Fully multi-coated" optics are even better, meaning all lens surfaces have multiple layers of anti-reflective coatings applied for maximum light transmission and optimal image quality.