Method and apparatus for pooling and distributing bond dividends

Details Method and apparatus for pooling and distributing bond dividends Method and apparatus for pooling and distributing bond dividends

1994-10-06

1997-01-07

McElheny, Jr., Donald E.

395240, 395242, G06F 1500

Patent

active

055923798

ABSTRACT:
The instant invention is a method and apparatus for administering a program to senior citizens for managing and distributing the interest from pooled government bonds or the like. The program derived around a bond fund unit of various security offerings to specific groups of senior citizens having a common age and financial goal. As long as the participant is alive, the participant will share equally in an increasing income stream derived from the interest from the security due to the number of decreasing participants in a fixed pool based on the participant's initial investment. The income producing bonds jointly pooled and singularly administered based upon U.S. Treasury bonds whose resulting interest is distributed to the remainder of living participants while bond maturity value remains payable to the participant or their estate. The program aids the participants and managers involved with the program regarding Fund assets, statistical predictions, and dividend distribution.

REFERENCES:
patent: 5025372 (1991-06-01), Burton et al.
patent: 5214579 (1993-05-01), Wolfberg et al.
Kichen; "Ghouls' Pools"; Forbes; Mar. 16, 1992; p. 19; Dialog: File 16, Acc# 03665040.
Reeves, Kumberly; "Risks, Methods of Retirement Investments Vary"; Houston Business Journal; v23 n10 p23(3); Jul. 26, 1993; Dialog # 14244196 (file 648).

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