History
The pickup coil in a hearing aid is named Telecoil because its early form was to pick up a magnetic field from coils within a telephone. These were included as a part of the method of enabling a two-way conversation over a single pair of wires. The telecoil enabled hearing aid users to hear the phone conversation more clearly without also picking up background noise around them.
From this, the natural development was to generate audio magnetic fields which the telecoil could receive.
Read more about this topic: Audio Induction Loop
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—Thomas Paine (1737–1809)