Does iOS 8 support dynamic linking?

"Embedded" and "Dynamic" frameworks don't refer to the same aspect of frameworks. They are not the opposite of one another. First, let's define what's a framework: in Apple lingo, a framework refers to some compiled code + the public headers of said code.

• Now a dynamic framework is a framework whose code was built as a dynamic library. It is the opposite of a "static" framework, where the code would be built as a static library. In case you're wondering, Wikipedia has a very nice explanation of what's the difference between a static and a dynamic library.

• And finally, an embedded framework is a framework that is packaged within an app, as opposed to being installed system-wide, in "/System/Library/Frameworks" for example.