when it has negative electric charge and it will attract elections so it can form a chemical bond.
Almost, careful with the second part, there are some consequences that help form chemical bonds but not so explicitly.
The idea is simpler, an electronegative atom pulls electrons from a less electronegative atom.
Suppose we have the simple diatomic, H-F. Fluorine is a lot more electronegative than hydrogen, so fluorine will pull the electrons in the molecule toward itself. Meaning there is a little bit of negative charge on fluorine (not a full negative charge, not quite) and a bit of positive charge on hydrogen. This uneven distribution of charge is a polar bond.
Look at an even simpler diatomic, H-H. In this case, hydrogen and another hydrogen have identical electronegativities so each hydrogen has an equal share of the electrons and there is no dipole (dipole and polar are often interchangeable words).
So tell me, are the following molecules polar or non polar and try and highlight your thought process.
HCl, H2S, CCl4