Path is used to specify then name of the property of the underlying object to bind to. Additional you are able to use indirect property targeting to specify a sub-property of a property of the object. Currently it is not possible to bind to indexed properties.
Xaml
<TextBlock Text="{Binding Name}"/>
<TextBlock Text="{Binding Path=Name}"/>
<TextBlock Text="{Binding Path=Account.OpenDate}"/>
<TextBlock Text="{Binding Path=Property1.Property2.Property3}"/>
That's it!