Why are these called 5 way binding posts? I count four!



yogiboy

 

I'm not sure how legit this is, but it says that the fifth method is an alligator clip (#2).

"Anything more than a 3-way I'm too old for."

 

My binding post would be happy with a two way...

The terminals on my vintage speakers are 2-way. Or, is it 3? I was feeling pretty good about them when I woke up this morning. Now I wonder.