Stocks and bonds are examples of paper collateral. Another common form of paper collateral is chattel paper. Chattel paper is a writing that indicates that the holder is owed money and has a security interest in valuable goods associated with the debt.
Today, spark arresters can be found as OEM or aftermarket components on many types of equipment, such as large agricultural machines, off highway vehicles (OHVs), and small engines (chainsaws, string trimmers, leaf blowers, etc.).
Adding a lightning arrester to the system redirects the charges in the lightning to the ground. One terminal of the arrester is connected to the device and the other terminal is connected to a rod or wire of low resistance that is buried in the ground.