Method and apparatus for releasing value of an asset
Patent 5083270 Issued on January 21, 1992. Estimated Expiration Date: 
December 14, 2010. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
December 14, 2010. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesSystem and method for implementing and administering a mortgage plan Patent #: 4876648 InventorsAssigneeApplicationNo. 628938 filed on 12/14/1990US Classes:705/35Finance (e.g., banking, investment or credit)ExaminersPrimary: Shaw, Dale M.Assistant: Chung, Xuong Attorney, Agent or FirmInternational ClassG06F 015/20AbstractA 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.Other References
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