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US Patent 6330547 - Method and apparatus for establishing and enhancing the creditworthiness of intellectual property
US Patent Issued on December 11, 2001
Estimated Patent Expiration Date:
June 2, 2019Estimated 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.
Estimated Patent Expiration Date:
June 2, 2019Estimated 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.AbstractA method and apparatus for deciding whether to make a loan using an intangible asset, such as intellectual property, as collateral and for making such a loan more attractive to a lender. The method requires that an assessment of the transferability and viability of the asset be made to determine if the asset and loan applicant meet minimum qualifying criteria. If they do, a more detailed analysis is undertaken in which judgments are reached concerning various factors related to historical, comparative and prospective market behavior in market sectors identical with, as well as parallel and corollary to the primary market sector for the asset sought to be used as loan collateral. The analysis leads to calculation of an asset liquidation value and production of a correlated depreciation schedule which are both presented to the prospective lender. A third party then contracts with the lender to pay the asset liquidation value to the lender, adjusted for depreciation over time, in the event that the loan applicant defaults on the loan. This arrangement reduces the lender's risk of loss thereby making the loan more attractive. A computer-based apparatus for carrying out the method is also disclosed.Other References
| InventorAssigneeApplicationNo. 324871 filed on 06/02/1999US Classes:705/38Credit (risk) processing or loan processing (e.g., mortgage)Field of Search705/1, AUTOMATED ELECTRICAL FINANCIAL OR BUSINESS PRACTICE OR MANAGEMENT ARRANGEMENT705/35, Finance (e.g., banking, investment or credit)705/38, Credit (risk) processing or loan processing (e.g., mortgage)705/39Including funds transfer or credit transactionExaminersPrimary: Trammell, James P.Assistant: Elisca, Pierre E. Attorney, Agent or FirmUS Patent References4975840, Method and apparatus for evaluating a potentially insurable riskIssued on: 12/04/1990 Inventor: DeTore, et al.5611052, Lender direct credit evaluation and loan processing system Issued on: 03/11/1997 Inventor: Dykstra, et al.5680305, System and method for evaluating real estate Issued on: 10/21/1997 Inventor: Apgar, IV5704045, System and method of risk transfer and risk diversification including means to assure with assurance of timely payment and segregation of the interests of capital Issued on: 12/30/1997 Inventor: King, et al.5797133, Method for automatically determining the approval status of a potential borrower Issued on: 08/18/1998 Inventor: Jones, et al.5802501, System and methods for computing to support decomposing property into separately valued components Issued on: 09/01/1998 Inventor: Graff5809478, Method for accessing and evaluating information for processing an application for insurance Issued on: 09/15/1998 Inventor: Greco, et al.5999907, Intellectual property audit system Issued on: 12/07/1999 Inventor: Donner6018714, Method of protecting against a change in value of intellectual property, and product providing such protection Issued on: 01/25/2000 Inventor: Risen, Jr., et al.6078901, Quantitative supply and demand model based on infinite spreadsheet Issued on: 06/20/2000 Inventor: Ching6134536Methods and apparatus relating to the formulation and trading of risk management contracts Issued on: 10/17/2000 Inventor: Shepherd Foreign Patent References
International ClassG06F 017/00 |
