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International Heating and Lighting Co. - Stock Certificate

Inv# US1042   Stock
International Heating and Lighting Co. - Stock Certificate
State(s): Arizona
Years: 1907

Stock printed by American Bank Note Co. New York, Litho.

Electric heating is a process in which electrical energy is converted to heat energy. Common applications include space heating, cooking, water heating and industrial processes. An electric heater is an electrical device that converts an electric current into heat. The heating element inside every electric heater is an electrical resistor, and works on the principle of Joule heating: an electric current passing through a resistor will convert that electrical energy into heat energy. Most modern electric heating devices use nichrome wire as the active element; the heating element, depicted on the right, uses nichrome wire supported by ceramic insulators.

Alternatively, a heat pump uses an electric motor to drive a refrigeration cycle, that draws heat energy from a source such as the ground or outside air and directs that heat into the space to be warmed. Some systems can be reversed so that the interior space is cooled and the warm air is discharged outside or into the ground.

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Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
OUT OF STOCK