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Financial certificates, system and process

  • US 6,017,063 A
  • Filed: 07/23/1992
  • Issued: 01/25/2000
  • Est. Priority Date: 11/09/1987
  • Status: Expired due to Fees
First Claim
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1. A process comprising:

  • a first step whereby, at an initial point in time and at a first location, an individual obtains a value certificate in exchange for an initial amount of dollar funds;

    the value certificate entitling the owner thereof to receive, at a subsequent point in time and at a second location, in exchange for his value certificate, either a pre-defined amount of dollar funds or a pre-defined amount of goods and/or services from among a pre-defined selection of goods and/or services;

    the pre-defined amount of goods and/or services being defined as that amount of goods and/or services that could be purchased from the pre-defined selection of goods and/or services by the initial amount of dollar funds at the initial point in time;

    the pre-defined amount of dollar funds being equal to the amount of dollar funds required, at the subsequent point in time, to purchase the pre-defined amount of goods and/or services from among the pre-defined selection of goods and/or services; and

    a second step whereby, at the subsequent point in time and at the second location, the owner of the value certificate does in fact exchange the value certificate either for the predefined amount of dollar funds or for the pre-defined amount of goods and/or services from the pre-defined selection of goods and/or services.

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