Universal-Fit Audio for 2002 Mitsubishi Eclipse

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Binding post terminals are a sturdier, more versatile type of speaker terminal. Because binding post terminals are are threaded, you can tighten them down against the wire or connector for a tight, clean connection. The most popular style of binding post terminals is known as a "5-way binding post". This type can accept bare wire, or any of the common speaker wire connectors. Binding posts with the option to be used with banana clips are even more versatile

Spring posts are a hybrid of the two. Instead of using a thread and "screwing" them tight, they use a spring to allow the wire to fit and tighten against the terminal.