Method and apparatus for pooling and distributing bond dividends
Patent 5592379 Issued on January 7, 1997. Estimated Expiration Date: 
October 6, 2014. 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.
October 6, 2014. 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 administration of incentive award program through use of credit Goal-oriented investment indexing, tracking and monitoring data processing system Patent #: 5214579 InventorsApplicationNo. 319253 filed on 10/06/1994US Classes:705/39, Including funds transfer or credit transaction705/40, Bill distribution or payment705/42Remote banking (e.g., home banking)ExaminersPrimary: McElheny, Donald Jr.Assistant: Tkacs, Stephen R. Attorney, Agent or FirmInternational ClassG06F 015/00AbstractThe 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.Other References
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