Methods and systems for providing an investment instrument with periodic principal payments
First Claim
1. A method of a server providing an investment instrument with periodic principal payments, the method comprising the server having a processor performing the steps of:
- (a) electrically calculating an interest amount using a current holding amount and a current interest rate;
(b) electrically adding the interest amount to the current holding amount to form a new holding amount;
(c) electrically determining if the new holding amount is at least at an agreed-upon level;
(d) electrically decreasing the current interest rate if it is determined that the new holding amount is not at least at the agreed-upon level;
(e) electrically receiving a deposit from a customer; and
(f) electrically adding the received deposit to the new holding amount to yield a new current holding amount; and
(g) wherein the customer is under a contractual agreement to make a series of periodic deposits over a term of the investment instrument.
1 Assignment
0 Petitions
Accused Products
Abstract
A method of providing an investment instrument with periodic principal payments. The method includes calculating an interest amount using a current holding amount and a current interest rate; adding the interest amount to the current holding amount to form a new holding amount; determining if the new holding amount is at least at an agreed-upon level; decreasing the current interest rate if it is determined that the new holding amount is not at least at the agreed-upon level; receiving a deposit from a customer; and adding the received deposit to the new holding amount to yield a new current holding amount. The customer is under a contractual agreement to make a series of periodic deposits over a term of the investment instrument.
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Citations
21 Claims
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1. A method of a server providing an investment instrument with periodic principal payments, the method comprising the server having a processor performing the steps of:
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(a) electrically calculating an interest amount using a current holding amount and a current interest rate; (b) electrically adding the interest amount to the current holding amount to form a new holding amount; (c) electrically determining if the new holding amount is at least at an agreed-upon level; (d) electrically decreasing the current interest rate if it is determined that the new holding amount is not at least at the agreed-upon level; (e) electrically receiving a deposit from a customer; and (f) electrically adding the received deposit to the new holding amount to yield a new current holding amount; and (g) wherein the customer is under a contractual agreement to make a series of periodic deposits over a term of the investment instrument. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A system for providing an investment instrument with periodic principal payments, the system comprising:
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a terminal receiving a deposit from a customer; and a server in communication with the terminal, the server; (a) calculating an interest amount using a current holding amount and a current interest rate; (b) adding the interest amount to the current holding amount to form a new holding amount; (c) determining if the new holding amount is at least at an agreed-upon level; (d) decreasing the current interest rate if it is determined that the new holding amount is not at least at the agreed-upon level; (e) receiving the deposit from a terminal; and (f) adding the received deposit to the new holding amount to yield a new current holding amount; wherein the customer is under a contractual agreement to make a series of periodic deposits over a term of the investment instrument. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. An article of manufacture for providing an investment instrument with periodic principal payments, the article of manufacture comprising:
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at least one computer readable medium; and processor instructions contained on the at least one computer readable medium, the processor instructions configured to be readable from the at least one computer readable medium by at least one processor and thereby cause the at least one processor to operate as to; (a) calculate an interest amount using a current holding amount and a current interest rate; (b) add the interest amount to the current holding amount to form a new holding amount; (c) determine if the new holding amount is at least at an agreed-upon level; (d) decrease the current interest rate if it is determined that the new holding amount is not at least at the agreed-upon level; (e) receive a deposit from a customer; (f) add the received deposit to the new holding amount to yield a new current holding amount; and wherein the customer is under a contractual agreement to make a series of periodic deposits over a term of the investment instrument. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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Specification