Originally posted by: nord1899
Well you seem to be confused about the connectors at the end of the speaker wire.
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Banana Plugs
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Spades
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Bare WIre
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Binding Posts - The area above "speakers" in the bottom.
What happens is that you put the connectors onto the end of the speaker wire to make an easier and better connection with the equipment. The connectors are either screwed up (icky crap) or crimped on (much better). These connectors then go into the binding posts on your receiver and your speaker.
Hope that clarifies a bit.
EDIT: Note images are just for reference, I am not recommeding anything. I personally use Banana Plugs for ease of use.