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US 2003/0233298 A1Published application
Liability management method
OwnerJoel Hoppensteininventor
Life of this patent
Estimating the term…
Abstract
Disclosed are methods of managing potential liabilities. The method can allow participants to pool their funds in order to pay off pending and future liabilities and can allow participants to shield funds for paying off liabilities from other operational costs.
Claims22
A method for paying liabilities comprising:
- paying into the fund during an accounting period, establishing liabilities against participants of the fund during the accounting period,
- paying out of the fund the established liabilities at the end of the accounting period, and
- distributing to participants of the fund excesses in the fund at the end of the accounting period.
A method for paying liabilities comprising:
- providing a fund,
- arranging for participants to pay into the fund during a first period of time,
- paying out of the fund established liabilities of the fund participants during a second period of time, and
- distributing to participants of the fund excesses in the fund.
1 more element
Dependencies are inferred from the claim text.