Boots – shoes – and leggings
Patent
1990-12-14
1992-01-21
Shaw, Dale M.
Boots, shoes, and leggings
364401, G06F 1520
Patent
active
050832700
ABSTRACT:
A data processing method and system for implementing a program to produce income from assets not normally income-producing, or to increase income from assets that already produce some income, is provided. According to the program, an interest-free mortgage is taken against the asset as security for a promissory obligation by a participant to pay a sum certain on his death. The promissory obligation becomes part of a fund which derives income through payment of such obligations as participants die, funding distributions to other participants still living. The data processing method and system of the invention determine eligibility, calculate distributions, monitor the value of the pledged assets with respect to the amounts against which they are pledged, and handle discharge of the obligations as participants die.
REFERENCES:
patent: 4876648 (1989-10-01), Lloyd
S. S. Heubner, Life Insurance, Appleton, Century Cross, New York, 4th ed. 1950, pp. 212-221.
R. Riegel et al. Insurance Principles and Practices Annuities and Special Contracts, Englewood Cliff, N.J., 1966, pp. 147-153.
A. Neill, Life Contigencies; Heinemann London 1977 pp. 41-43.
Stalwart Assurance Company, Limited, "How to Turn Your Home into an Income for Life", Sep. 1985, pp. 1-9.
"Income Plans for the Elderly-Sitting on an Asset", Planned Savings, Feb. 1986, pp. 70-77.
J. Gaselee, "Home Reversions", The Post Magazine and Insurance Monitor, Feb. 1986, pp. 16-17.
Fact Sheet--Home Equity Conversion, p. 1.
Fact Sheet on Home Equity Conversion, p. 1.
Sotheby's "Works of Art for Membership of Lloyd's", pp. 1-9.
Checkley Jonathan R. P.
Gross Hyman
Hatcher Melvin J.
Chung Xuong M.
Interforce, Ltd.
Shaw Dale M.
LandOfFree
Method and apparatus for releasing value of an asset does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method and apparatus for releasing value of an asset, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and apparatus for releasing value of an asset will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-120163