METHOD FOR FINANCING THE ACQUISITION OF AN ASSET FOR MEMBERS OF A GROUP
First Claim
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1. A system for financing the acquisition of an asset or service, comprising:
- a plurality of groups G1, . . . , Gk wherein, for i=1 to k, group Gi consists of mi members, each of whom are contractually obligated to make a predetermined number of periodic payments to a common fund Fi; and
a managing entity which manages said plurality of groups;
wherein, for each group, the managing entity allocates to members of the group, on a rotating basis and on di different dates, proceeds from the common fund F for the acquisition of assets or services, and wherein mi>
di>
0.
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Abstract
A system for financing the acquisition of an asset or service is provided herein. The system (100) comprises a plurality of groups G1, . . . , Gk (103, . . . , 105) wherein, for i=1 to k, group Gi consists of mi members (107, 109, 111, 113), each of whom are contractually obligated to make a predetermined number of periodic payments to a common fund Fi. A managing entity (101) manages the plurality of groups. The system is organized such that, for each group, the managing entity allocates to members of the group, on a rotating basis and on di different dates, proceeds from the common fund Fi for the acquisition of assets or services, wherein mi>di>0.
10 Citations
21 Claims
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1. A system for financing the acquisition of an asset or service, comprising:
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a plurality of groups G1, . . . , Gk wherein, for i=1 to k, group Gi consists of mi members, each of whom are contractually obligated to make a predetermined number of periodic payments to a common fund Fi; and a managing entity which manages said plurality of groups; wherein, for each group, the managing entity allocates to members of the group, on a rotating basis and on di different dates, proceeds from the common fund F for the acquisition of assets or services, and wherein mi>
di>
0.- View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. A system for financing the acquisition of assets, comprising:
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a group consisting of m members, each of whom is contractually obligated to make a predetermined number of periodic payments to a common find; and an entity which manages said group;
wherein the managing entity allocates to members of the group, on a rotating basis and on d different dates, proceeds from the common fund for the acquisition of assets, and wherein m>
d>
0.
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15. A method for financing the acquisition of an asset or service for members of a group, comprising the steps of:
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creating a group of associates, each of whom is contractually obligated to make payments on a first periodic basis to a common fund over a specified term in exchange for receiving an award in a contracted amount at some point during the term; receiving payments from the group of associates; and on a second periodic basis, identifying at least one associate who is eligible to receive an award, and distributing the award to that associate in an amount essentially equal to the amount contracted by that associate; wherein the number of associates in the group is x, wherein the average number of payments that an associate in the group is required to make is n, and wherein x/n>
1.- View Dependent Claims (16, 17, 18, 19, 20)
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21-58. -58. (canceled)
Specification
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Current AssigneeAlfredo Garcia
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Original AssigneeAlfredo Garcia
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InventorsGarcia, Alfredo
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Application NumberUS12/556,470Publication NumberTime in Patent OfficeDaysField of SearchUS Class Current705/14.35CPC Class CodesG06Q 20/10 specially adapted for elect...G06Q 30/0235 constrained by time limit o...G06Q 40/00 Finance; Insurance; Tax str...
