Method and apparatus for tradable security based on the prospective income of a performer
First Claim
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1. A method of creating a tradable security based on the prospective income of a performer, the method comprising:
- a) defining an asset value based on the prospective income of the performer, the tradable security value based on the asset value;
b) obtaining an agreement from the performer to create a repayment obligation based on a portion of an income stream that corresponds to the asset value;
c) create a first account; and
d) receiving payments towards the repayment obligation into the first account.
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Abstract
A method of creating a tradable security based on the prospective income of a performer includes defining an asset value based on the prospective income of the performer, the tradable security value based on the asset value. The method also includes obtaining an agreement from the performer to create a repayment obligation based on a portion of an income stream that corresponds to the asset value. Thereafter, a first account is created and payments toward the repayment obligation are received into the first account.
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Citations
22 Claims
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1. A method of creating a tradable security based on the prospective income of a performer, the method comprising:
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a) defining an asset value based on the prospective income of the performer, the tradable security value based on the asset value;
b) obtaining an agreement from the performer to create a repayment obligation based on a portion of an income stream that corresponds to the asset value;
c) create a first account; and
d) receiving payments towards the repayment obligation into the first account. - View Dependent Claims (2, 3, 4, 5, 6, 7, 16)
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8. A method comprising:
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a) obtaining an agreement from a performer to create a repayment obligation based on a portion of a prospective income stream of the performer, the portion of the prospective income stream including service-based income;
b) selling a security having a value based on a value of the repayment obligation;
c) creating a first account; and
d) receiving payments towards the repayment obligation into the first account. - View Dependent Claims (9, 10, 11, 12, 13, 15, 18, 19)
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17. An apparatus comprising:
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an input for receiving a total number of security instruments having a value based on realized prospective income of a performer;
a processing device operable to obtain a final obligation value, the final obligation value based on the realized prospective income of the performer, the realized prospective income being service based, determine a redemption value of a security instrument based on the final obligation value and the realized prospective income;
provide information representative of the redemption value to an output.
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20. An agreement comprising:
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a) a promise by a performer to pay a repayment obligation, the repayment obligation based upon prospective service based income of the performer; and
b) a promise by a second party to oversee funds deposited in an account on behalf of holders of security instruments, the funds corresponding to the repayment obligation. - View Dependent Claims (21, 22)
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Specification