DESCRIPTION Technical field Disclosure of the invention A consumer registers with an intermediary, assumes the loender role, establishes an account with an initial deposit and is issued a creditor card. A merchant legitim ises itself with an intermediary, assumes the usufructor role, establishes an account and is issued a transaction processing machine.
The merchant identifies consideration to offer, calculates prices for the consideration, and advertises their offerings with solicitations of the moni, and associated terms, they are willing to accept as equivalents. The consumer shops, and chooses from, the merchant's offerings. The price is established, the consumer provides information from their creditor card and the transaction is executed. Moni is transferred to the merchant's account. The consumer receives the consideration in exchange for the merchant's use of the moni. At the designated time, the amount of moni loent to the merchant is returned by intermediation.
In another embodiment, the merchant integrates intermediation into their role as usufructor by means of computers programmed with intermediating software. Instead of legitimising themselves with an intermediary, the merchant legitimises themselves with the intermediating software provider. The consumer registers with the intermediating merchant and may, but need not, be issued a creditor card.
The creditor card may draw upon funds deposited with the merchant or upon funds from accounts separate from the merchant. The remainder of the transaction is the same except if no creditor card has been issued: the consumer uses some other form of identification; provides moni from sources other than a creditor card.
In another embodiment, tenants m ay provide m oni in exchange for the use of real estate in lieu of paying rent. Tenants may use their own intermediaries, an intermediating property management company, an independent intermediary, or an intermediating properti owner, to transfer moni to the properti owner, or the properti management company, on a periodic basis. Moni loent by the tenant may be returned periodically or at the end of the tenant's use of the properti. The amount of moni provided by the tenant may be determined by dividing the value of the use of the properti by an interest rate equivalent. The amount of moni loent may be adjusted based upon the terms of the loen. A programmed computer may be used to calculate the amounts to be loent.
A method for producing additional embodiments Many other embodiments are possible and may be easily produced by selecting from the variables disclosed in the lexicon for each of the steps below. Some selections will determine, or preclude, subsequent selections.
Choose: Participant types; The consideration, and moni, each participant offers and solicits; Roles assumed by each participant ; A pricing process and forum; An exchange process and means; Lexicon "and"in a series indicates every element in the series.
"or"in a series indicates any one element in the series. and/or"in a series indicates any number of elements in the series.
"elements"include phrases and/or terms. Each element in a series is separated by commas. Multiple phrases, and/or terms, within commas are one element.
"includes"means"includes, but is not limited to".
"may"means possible but not necessary? ?? equivalent item by which the value of another item of equal value is measured. Includes : consideration equivalent, moni equivalent, employee earnings equivalent, interest amount equivalent, interest rate equivalent. consideration equivalent the value of consideration as measured by moni of equal value or by money of transitively measured equal value. Consideration measured, and/or used as measure, includes items as a whole and item's distinctive, separable, and/or particular, features. Features include: quantity, quality, associated rights, reputation and/or associated terms. moni equivalent the value of moni as measured by consideration of equal value or by money of transitively measured equal value negotiable modifiable by negotiation non-negotiable accepted, or rejected, as is; not modifiable by negotiation. participants comprises anyone, and/or anything, assuming a role pattern. Participants include: people, businesses, machines, manufactures, agencies, individuals, groups, Institutions, governments and their agencies, associations, and/or entities. Participants particularly include: consumers, customers, clients, patients, employees, employers, donors, students, professionals, retailers, wholesalers, distributors, manufacturers, suppliers, schools and/or, hospitals, insurers, charities, foundations, tenants, landlords, taxpayers. Machine participants include computers, and/or computing devices, programmed with software. Participants may assign, authorize, and/or choose, proxies to act as agents on their behalf. role patterns are processes composed of steps which form the patterns of behavior available, and allowed, to participants. Role patterns include: lending, patron lending, usufruction, benefaction, intermediation, legitimisation. Roles produced by participants'assuming role patterns include: loenders, patron loenders, usufructors, beneficiaries, intermediaries, and legitim isors. One or more roles may be filled by one, or more, participants in single, or multiple, separate, or simultaneous, transactions. Participants may additionally, and simultaneously, act in roles extant in the prior art. consideration qualities include the characteristics and features which may be associated with consideration including: number, size, amount, terms of use, grade. exchange The process of transfering, returning, and receiving, moni and consideration. loender exchange A process in which: A loender transfers moni to a usufructor; the usufructor receives moni from the loender ; the usufructor returns moni to the loender ; the loender receives returned moni from the usufructor ; the usufructor transfers consideration to the loender ; the loender receives consideration from the usufructor.
Patron exchange A process in which: A beneficiary selects a usufructor; A patron loender transfers moni to the usufructor ; the usufructor receives moni from the patron loender ; the usufructor returns moni to the patron loender ; the patron loender receives returned moni from the usufructor; the usufructor transfers consideration to the beneficiary; the beneficiary receives consideration from the usufructor; the beneficiary transfers consideration to the patron loender and the patron loender receives consideration from the beneficiary, or, the beneficiary does not transfer consideration to the patron loender and the patron loender does not receive consideration from the beneficiary; transfer a process which includes to constructively convey consideration from one place, possessor, user, and/or owner, to another using intermediating processes and/or intermediating means. Can be a single immediate transfer, a single future transfer, and/or a series of periodic transfers at set dates or specified intervals for moni and consideration receipt a process which includes to constructively get consideration using intermediating processes and/or intermediating means. Can be a single immediate receiving, a single future receiving, and/or a series of periodic receivings at set dates or specified intervals for moni and consideration constructively includes: physically, legally, representationally, in effect, substantively and/or by obligatory binding.
Offers, solicitations, counter-offers, and counter solicitations, to transfer, and receive, may be obligatory. convey includes to: move, forward, deliver, perform, transport, transform and/or sign-over. get includes to: accept, obtain, take and/or procure. return A process in which: return moni is transferred by a usufructor to the lender, or patron loender ; return moni is received by the lender, or patron lender, from the usufructor. Can be a single immediate return, a single future return, and/or a series of periodic returns at set dates or specified intervals for moni and consideration. intermediation Intermediating functions, and has as its purpose, to make transacting practicable, facile, appealing, advantageous, beneficial and/or useful.
Intermediating comprises a wide range of activities, operations, behaviors, tasks, and deeds performed : internal to the intermediary ; jointly in collaboration with participants in roles ; upon the interactions of participants with other participants and non-participants ; in relation with. and/or involving, persons, agents, and/or entities, not participating in transactions, nor filling roles, but who, and/or which, are still useful and/or necessary ; upon, by, and/or with machines and/or with manufactures.
Intermediating generally includes to: administer, assist with, authorize, control, delegate, direct, enable, enforce, guide, influence, interface with, interpret, intervene in, legitimize, monitor, organize, record, supervise, and/or support, the disclosed inventions.
Intermediating particularly includes to: identify, and verify identity of, participants; activate accounts; sanction behaviors; assign, associate, and/or enroll, participants in, to, or with, roles and/or accounts; administer, assign, assist with, associate, authorize, back up, calculate, collect, control, copy, correct, create, encrypt, extract, decrypt, identify, insure, locate, maintain, manage, manipulate, mine, obtain, organize, present, print, record, reproduce, retrieve, search, sort, store, secure, structure, track, transact with, transfer, transmit, update, and/or verify, accounts, data, information and/or records; administer, assess, assign, assist with, associate, certify, collect, control, evaluate, identify, insure, license, locate, monitor, obtain, organize, present, receive, record, register, retrieve, search, sort, store, secure, track, transfer, and/or transmit, properti, servises and/or moni ; communicate with, and convey communications amongst and/or between, participants, non-participants and/or machines; request, receive, provide, verify, secure, and/or ensure, authorization; control, monitor, record, report, schdule, guide, sanction, restrain, intervene in, coordinate, and/or mediate, acts ; create, design, copyright, issue, and/or administer, forms, documents, records, guides, manuals, creditor cards, and/or other manufactures ; monitor, insure, enforce, and/or pursue enforcement of, contractual agreements ; inform, advise, and/or educate, participants; establish criteria, parameters, objectives and/or valid input/output values : provide, choose, and/or set, preferences and/or ranges of preferences; calculate, determine, display, identify, compare, project, present, and/or examine, financial, properti, contractual, legal, and/or choice, options, results, consequences and/or terms ; provide guidance on options, terms and/or their implications ; provide options, and/or guidance, on consideration availability, features and/or substitutability ; establish, assess, and/or rate, usufructor credit, history, performance and/or prospects; establish, assess, and/or rate, loender history, performance and/or prospects; establish, assess, and/or rate, beneficiary credit, history, performance and/or prospects ; establish, and/or confirm, loender, usufructor, and/or beneficiary, conformity to, approved practices; perfect security interests in usufructors, beneficiaries and/or loenders ; act as guarantor of, and/or clearing house for, transactions; act as anonymizer for participants; register, incorporate, certify, and/or license, participants in their roles ; provide escrow services and/or escrow accounts; monitor, control, regulate, record, assist with, calculate, correct, organize and/or present prices; administer, monitor, control, regulate and/or record negotiations; administer, monitor, control, regulate, record, assist with, calculate, correct, organize, present, and/or display, offers and solicitations; provide options for, and/or guidance on, forms of negotiation; utilize, maintain, issue, communicate with, operate, and/or guide, participants in the use of machines and/or manufactures ; co-ordinate, and handle, the logistics of transacting. loend a process in which: moni is transferred by a loender to a usufructor; returned moni is received by a loender from a usufructor; consideration is received by a loender from a usufructor ; patron loend a process in which: moni is transferred by a patron loender to a usufructor selected by an beneficiary; returned moni is received by the patron loender from the usufructor; consideration is, or is not, received by the patron loender from the beneficiary; benefaction a process in which: a beneficiary selects a usufructor to receive moni from a patron loender ; the beneficiary receives consideration from the usufructor; the beneficiary transfers consideration, or does not transfer consideration, to the patron lender. selects includes to choose and to convey/com municate that choice to the intermediary and/or to the patron loender by way of the intermediary. usufruction a process in which: a usufructor receives moni from a loender and/or patron loender ; a usufructor transfers returned moni to the loender and/or patron loender ; a usufructor transfers consideration to the lender, or, a usufructor transfers, or does not transfer, consideration to the beneficiary; transaction execution process comprising : collecting, entering and processing transaction information; identifying, and verifying participants and account security codes; authorizing account activity; checking account usage rules ; checking loender and/or patron leonder account balances and permissible, and allowable, loen limits ; checking loending parameters; checking usufructor's history, credit and performance ratings; recording appropriate transaction information in participant, and intermediary, accounts; exchanging moni between the lender, and/or patron lender, and the usufructor; confirmation of the exchange; production and issuance of a transaction record; monitoring of exchange status and schdules ; return of moni at the designated time ; production and issuance of a return receipt. account administration includes : create accounts; legitimise participants, records, documents, manufactures and/or machines; assign accounts to participants; associate accounts with participants; create account usage controls and security; secure accounts; deposit initial moni, properti, servises, consideration and/or money ; activate accounts; choose, and set, preferences; create, and connect to, associated accounts; create, connect with, issue, and administer, cards, devices and/or other manufactures ; utilize accounts to conduct, manage, control and direct transacting; transfer, and/or receive, consideration, moni and/or money ; record transactions, transfers, receipts, withdrawals, deposits, communications and other activities ; balance transfers and receipts; calculate, and represent, value ; administer accounts; control, and secure, account use; copy, correct, encrypt, decrypt, display, insure, locate, maintain, mine, organize, present, print, reproduce, retrieve, search, sort, store, structure, track, transmit, update, and/or verify, account data, information and records.
Account administration includes processes which may involve more than one account and/or participant. When the lender, and/or usufructor, legitimise themselves with the intermediary, authorization would be granted to the intermediary to access, and interact with, these accounts at other institutions. legitimisation includes to: register, certify, incorporate and/or license.
Registration A process which includes : recording registration data and/or information from participants assuming roles ; manufacturing registration forms ; entering registration information, and/ordata into, registration forms and databases; and/or manufacturing and/or issuing certificates of registration.
Certification A process of ascertaining, and issuing proof of, having met specified standards issued by intermediaries, including: recording certification data and/or information ; manufacturing certification forms ; entering certification information, and/or data into, certification forms and databases; and/or manufacturing and/or issuing certificates of certification.
Incorporation A process of incorporating entities which includes: permitting the formation of disclosed corporate entities which assume disclosed roles ; obtaining their agreement to maintain compliance with, and be subject to intermediary issued forms, rules, rulings and enforcement actions; recording incorporation data and/or information ; manufacturing incorporation forms ; entering incorporation information, and/or data into, incorporation forms and databases; and/or manufacturing and/or issuing certificates of incorporation.
Licensing A process for permitting the use of the disclosed processes, machines and/or manufactures which includes : recording licensing data and/or information ; manufacturing licensing forms and agreements ; entering licensing information, and/or data into, licensing forms and databases; and/or manufacturing and/or issuing licenses. price establishment a process in which an item to be priced and the item's equivalent are priced by agreement, or priced by auction, using offers, solicitations, counter-offers, and/or counter-solicitations. pricing by agreement a process in which a loender and usufructor, or beneficiary and usufructor, negotiate, or non- negotiate, and identify, choose, measure, and/or delineate, items and items'equivalents. offer a process which includes communicating a willingness to transfer moni, terms, consideration, and/or qualities. solicit a process which includes communicating a desire to receive moni, terms, consideration and/or certain consideration qualities counter-offer to offer in response to an original offer with modifications of the original offer. counter-solicit to solicit in response to an original solicitation with modifications of the original solicitation. negotiate a process which includes: to offer and/or solicit ; to respond to an offer, and/or solicitation, with a counter-offer, and/or counter-solicitation ; to respond to a counter-offer, and/or counter-solicitation, with an acceptance, rejection, or further offer, and/or further solicitation, modifying the counter-offer and/or counter-solicitation; to repeat the previous step until an offer, and/or solicitation, are mutually accepted or rejected.
The negotiability, or non-negotiability, of an offer, and/or solicitation, for an amount of moni may, but need not, be tied to the negotability, or non-negotiability, of an offer, and/or solicitation, for the terms under which the moni is to be transferred.
The negotiability, or non-negotiability, of an offer, and/or solicitation, for consideration may, but need not, be tied to the negotiability, or non-negotiability, of an offer, and/or solicitation, for the consideration's qualities. Negotiation examples which include consideration's qualities are omitted but by implication are made obvious.
Negotiation examples include, but are not limited to : A lender, or a beneficiary, offers a non-negotiable amount of moni with non-negotiable terms and solicits negotiable consideration. The usufructor negotiates by making a counter-solicitation.
A loender, or a beneficiary, offers a non-negotiable amount of moni with negotiable terms and solicits negotiable consideration. The usufructor negotiates by making a counter-solicitation and a counter- offer.
A lender, or a beneficiary, offers a non-negotiable amount of moni with negotiable terms and solicits non-negotiable consideration. The usufructor negotiates by making a counter-offer.
A loender, or a beneficiary, offers a negotiable amount of moni with non-negotiable terms and solicits negotiable consideration. The usufructor negotiates by making a counter-solicitation and a counter- offer.
A lender, or a beneficiary, offers a negotiable amount of moni with non-negotiable terms and solicits non-negotiable consideration. The usufructor negotiates by making a counter-offer.
A lender, or a beneficiary, offers a negotiable mount of moni, negotiable terms and solicits non- negotiable consideration. The usufructor negotiates by making a counter-offer.
A lender, or a beneficiary, offers a negotiable mount of moni, negotiable terms and solicits negotiable consideration. The usufructor negotiates by making a counter-solicitation and a counter- offer.
A usufructor offers non-negotiable consideration and solicits negotiable amounts of moni with negotiable terms. A lender, and/or a beneficiary, negotiates by making a counter-solicitation.
A usufructor offers non-negotiable consideration and solicits negotiable amounts of moni with non- negotiable terms. A lender, and/or a beneficiary, negotiates by making a counter-solicitation.
A usufructor offers non-negotiable consideration and solicits non-negotiable amounts of moni with negotiable terms. A lender, and/or a beneficiary, negotiates by making a counter-solicitation.
A usufructor offers negotiable consideration and solicits non-negotiable amounts of moni with non- negotiable terms. A lender, and/or a beneficiary, negotiates by making a counter-offer.
A usufructor offers negotiable consideration and solicits negotiable amounts of moni with non- negotiable terms. A lender, and/or a beneficiary, negotiates by making a counter-offer and counter- solicitation.
A usufructor offers negotiable consideration and solicits non-negotiable amounts of moni with negotiable terms. A lender, and/or a beneficiary, negotiates by making a counter-offer and counter- solicitation.
A usufructor offers negotiable consideration and solicits negotiable amounts of moni with negotiable term s. A loender, and/or a beneficiary, negotiates by making a counter-offer and counter-solicitation. non-negotiate to accept, or reject, an original offer, and/or original solicitation, without modification.
Examples include : A usufructor offers non-negotiable consideration and solicits non-negotiable moni with non- negotiable terms. Loenders, and/or beneficiaries, accept or reject the offer and solicitation ; Loenders, or beneficiaries, offer a non-negotiable mount of moni with non-negotiable terms and solicit non-negotiable consideration. The usufructor accepts, or rejects, the loenders', and/or the beneficiaries', offer and solicitation ; price by auction a process in which an item to be priced, and the item's equivalent, are negotiated: by a usufructor in a loenders auction with multiple loenders and/or beneficiaries; or, by a lender, and/or beneficiary, in a usufructors auction with multiple usufructors.
The negotiability, or non-negotiability, of an offer, and/or solicitation, for an amount of moni may, but need not, be tied to the negotability, or non-negotiability, of an offer, and/or solicitation, for the terms under which the moni is to be transferred.
The negotiability, or non-negotiability, of an offer, and/or solicitation, for consideration may, but need not, be tied to the negotiability, or non-negotiability, of an offer, and/or solicitation, for the consideration's qualities. Examples including consideration's qualities are omitted but by implication are made obvious. loender negotiation a negotiation process in which: a usufructor offers and/or solicits ; multiple loenders, and/or beneficiaries, respond to the usufructor's offer, and/or solicitation, with counter-offers and/or counter-solicitations ; a winning counter-offer, and/or counter-solicitation, is determined, or, the loenders, and/or beneficiaries, respond to the counter-offers, and/or counter-solicitations, with further counter-offers, and/or counter-solicitations until a winner is determined.
Examples include : A usufructor offer non-negotiable consideration and solicits non-negotiable amounts of moni with negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-solicitations.
A usufructor offer non-negotiable consideration and solicits negotiable amounts of moni with negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-offers and counter-solicitations.
A usufructor offer non-negotiable consideration and solicits negotiable amounts of moni with non- negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-solicitations.
A usufructor offers negotiable consideration and solicits non-negotiable amounts of moni with non- negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-offers.
A usufructor offers negotiable consideration and solicits non-negotiable amounts of moni with negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-offers and counter-solicitations.
A usufructor offers negotiable consideration and solicits negotiable amounts of moni with negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-offers and counter- solicitations.
A usufructor offers negotiable consideration and solicits negotiable amounts of moni with non- negotiable terms. Multiple loenders, and/or beneficiaries, negotiate by making counter-offers and counter-solicitations. usufructor negotiation a negotiation process in which: a lender, or beneficiary, offers and/or solicits ; multiple usufructors respond to the loender's, or beneficiary's, offer, and/or solicitation, with counter- offers and/or counter-solicitations ; a winning counter-offer, and/or counter-solicitation, is determined, or, the usufructors respond to the counter-offers, and/or counter-solicitations, with further counter-offers, and/or counter-solicitations until a winner is determined.
Examples include: A lender, or beneficiary, offers a non-negotiable amount of moni with non-negotiable terms and solicits negotiable consideration. Multiple usufructors negotiate by making counter-solicitations.
A lender, or beneficiary, offers a non-negotiable amount of moni with negotiable terms and solicits negotiable consideration. Multiple usufructors negotiate by making counter-offers and counter- solicitations.
A lender, or beneficiary, offers a non-negotiable amount of moni with negotiable terms and solicits non-negotiable consideration. Multiple usufructors negotiate by making counter-offers.
A lender, or beneficiary, offers a negotiable amount of moni with non-negotiable terms and solicits negotiable consideration. Multiple usufructors negotiate by making counter-offers and counter- solicitations.
A lender, or beneficiary, offers a negotiable amount of moni with non-negotiable terms and solicits non-negotiable consideration. Multiple usufructors negotiate by making counter-offers.
A lender, or beneficiary, offers a negotiable amount of moni with negotiable terms and solicits negotiable consideration. Multiple usufructors negotiate by making counter-offers and counter- solicitations.
A lender, or beneficiary, offers a negotiable amount of moni with negotiable terms and solicits non- negotiable consideration. Multiple usufructors negotiate by making counter-offers. price calculation a process for determining a non-negotiable price or an original offer, and/or original solicitation, for a negotiated price. May include selecting, and entering into a formula, the: cost of the item, markup rate equivalent, type of moni used, time of moni transfer, duration of loen, schdule of moni repayment.
Pricing may be calculated by means of a computer programmed to calculate prices. The data/ information selected, and entered, may be negotiated by the price establishing process. transitive measurement the process in which money transitively measures the value of moni, and/or consideration, when money is, and/or can be, substituted for items exchangeable for, transformable into, identical to, and/or substitutable for, moni and/or consideration. servise a process composed of a service process integrated with a transferring, and/or receiving, process.
Services are any processes composed of physical, and/or mental, labor, activity, and/or exertion of effort, in series of actions, and/or pattern of behavior, which produces property and/or useful effect.
Servises may be performed by whom ever, and/or whatever, in any manner and/or way perform able.
Service is distinct from, and does not include the right to service which may be found under properti. use of properti a process composed of a use of property process integrated with a transferring, and/or receiving, process. The use of property includes any process in which any property is used.
The use of property includes any process in which utilities are used and/or consumed. assume role patterns includes to: act in, fill, effect, perform, be bound, agree to, and/or abide by, roles consisting of the described patterns of behavior. Also includes: having the capability to assume a role and being authorized, recognized, designed, and/or designated, for a role. loen an amount of moni loent. moni is: fungible exchange media for transfer, and/or receipt, of usufruct value and connected usufruct rights; and/or a means for measuring, and/or representing, value of consideration.
Title to, and ownership rights in, moni are not transferred nor received; only use rights are exchanged.
Moni includes any prior art exchange media which effectively becomes moni when used, and valued, in accordance with this definition of moni, including : money, cash, notes, drafts, currency, checks, letters of credit, promissory notes and/or commodities. return moni moni in an amount, and/or of a value, equal to the amount, and/or value, of the moni transferred to a usufructor by a lender, or patron lender, and received by the usufructor from a lender, or patron loender. consideration consists of: properti, the use of properti, servises and/or moni.
Properti Any property transferred, and/or received, in an exchange.
Property includes anything which can be had, owned, possessed, used, traded, leased, rented, and/or has economic utility, including : assets, commodities, objects, and/or goods, Property also includes : the real ; the personal ; the tangible; the intangible ; machines ; manufactures; anything granting, preserving, controling and/or conveying, rights to property, and/or the use of property (as distinguished from the actual property and from the use of the property).
Property also includes: utiities, rights to use of utilities, merchandise, products, Property may include rights to the use of moni as distinguished from the actual moni.
Property does not include money (except money which is generally recognized, used, and valued, as collectible).
Property does not include moni.
Property does not include : rights to the appreciation of morigageable assets in lieu of interest on amortized loans acquired by lenders from borrowers where mortgageable assets are land and improvements thereon.
Property includes rights to servises as distinguished from the actual servises and the use of services.
Except, property may not include vouchers, which: are issued by a bond issuing entity funding capital equipment; entitle (bond/voucher ?) holders to predetermined quantities of selected services by trade/exchange for tickets for the services provided by the (bond/voucher?) issuer for whom part of overhead costs for the selected services are independent of usage; are issued at regular/periodic intervals and are issued in series each of equal value to a plurality of vouchers. account Accounts may be stores of value for, sources of funds for, and/or records of, transactions.
Disclosed accounts can be: lender, patron lender, beneficiary, intermediary, and/or usufructor, accounts. Participants may establish accounts with a common intermediary or with separate intermediaries. Accounts may connect/interact with accounts at institutions separate from the intermediary which are/act as stores of value and/or original sources of funds. Any one, and/or any number, of prior art type accounts, and/or accounts external to the intermediary, may be combined the disclosed accounts. Combined accounts may be jointly, and/or separately, administered by intermediaries and prior art administrators. Accounts may be connected to, and function thru cards.
Accounts may be used to transfer, return and receive moni. loender account an account used by a loender to transfer, and/or receive, in exchanges. patron loender account an account used by a patron loender to transfer, and/or receive, in exchanges. Patron lender's accounts may be funded by the beneficiaries which the patron loenders serve. usufructor account an account used by a usufructor to return, and/or receive, in exchanges. beneficiary account an account used by a beneficiary to transfer, and/or receive, in exchanges. creditor account A credit line feature, integrated into a creditor card with interest free grace period, may be provided by an intermediary and/or patron. This offers the benefit of overdraft protection when lender's funds are depleted, already committed to another transaction or in use. Merchants may provide this as a promotion. Integration of this feature into a creditor cards allows proper recording of the transaction.
One creditor account can have multiple users authorized as depositors, loenders, or both. One, some, or all, users can get itemized statements or access to account records. Multiple user creditor accounts can have restrictions on the use of the account customized for each user, including : amount loendable and/or usufructors allowed to receive moni. Account users need not be in the same country. prior art accounts any prior art account, including : savings; money market ; margin ; checking; security deposit; escrow; e-bank; trust; pensions; home equity credit lines ; debit; smart; credit card accounts may be drawn upon by credit card users to provide loens to usufructors instead of (or in addition to) paying for purchases. Interest charges may be eliminated by the intermediated return of credit card accout funds before the expiration of the grace period. Credit card accounting may record the transaction as a purchase and subsequent refund. Computer programs may be integrated into the intermediary's computers, and operations, to provide this feature. The credit card user may provide the information necessary for establishing the minimum grace periods. Computer programs may be integrated into the credit issuers computers and operations to limit the amount of credit available for use in this manner. external accounts Accounts external to the intermediary include any type of account which may be drawn upon for funds and/or to which funds may be credited and/or deposited. account information Includes information related, but not limited to : participants, identities, identification, roles, moni, consideration, exchanges, transfers, receipts, intermediation, legitimization, obligations, agreements, credit ratings, creditor ratings, dates and times, compliance, agreed upon parameters and/or criteria, titles, deeds, rights and/or communications. Prices. loon agreement information includes : the parties to, amount of, consideration for, intermediation of, schdule for, exchange method for, and terms of, a loen.
Price a representation of the value of items as measured by other equivalents items. transaction information information transmitted during transaction execution which may include : participant identification information ; account numbers ; passwords; security codes; transaction numbers ; dates; times ; exchange amounts, terms and schdules ; interest rate equivalents. moni data includes any representations of moni account statements Records of account activity. moni return receipt A record indicating the completion of a transaction, the return of moni loent, the acknowledgement by the loender of receipt of moni loent, the termination of all claims related to the moni the loender might make against the usufructor. May include the transaction record information and requires the loenders signature or some proof of loenders acknowledgement. Original is retained by usufructor and copy is given to lender. May be integrated into the transaction record either, or both, of which may be on paper or electronically recorded or generated by reference to the loender and/or usufructor account record. price tag If the traditional price for purchasing with payment of money is equivalent to the price of the item when acquired by loen of moni to the merchant, then the price tags may display a single value indicating the price for both transaction types. If the values for each type of transaction differ, the merchandise may have one price tag for each type of transaction with the price tags indicating which transaction type will be used for each displayed price. Loen prices on price tags, and/or loen price tags, may be distinguished from traditional prices, and traditional price tags, by color, symbol, shape, text, font or any other means. Price tags may also display other information in addition to, or in place of the loen price, including: the terms of the loen : the equivalent rate of return based upon the loen amount, terms and the price; the amount of moni to be loent in exchange for the item. loen agreement an agreement which includes loen information. specifying: the parties to, amount of, consideration for, intermediation of, and terms of a loen. moni media includes any media which is, or which represents, moni transaction record A record providing proof of an exchange. beneficiary are participants who, and/or which, benefit. loenders are participants who, and/or which, loend. usufructors are participants who, and/or which, receive, and return, moni in usufruction the process. interm ediaries are participants who, and/or which, intermediate. Intermediaries may be independent of, or integrated with, other disclosed roles. Intermediaries may also be integrated with: auctioneer, clearinghouse, account administrator, and/or marketplace providers. patron loenders are participants who, and/or which, patron loend. Patron loenders are sources of funds for beneficiaries to draw on when beneficiaries loend to usufructors. Patron loenders may collaborate with intermediaries by providing intermediaries access to patron funds. A patron loender may integrate intermediation into its role. Patron loender include: charitable foundations; government social services agencies ; credit card companies ; employers ; taxpayers; insurers. Beneficiary funded patron loenders include: charitable trusts legitim isors legitimise the disclosed inventions, including: participants, roles, identities, accounts, exchanges, cards, consideration, machines and/or manufactures. Legitimisors are the single, and/or various, agents/agencies authorized to legitimise-especially when participants are entities such as institutions, corporations, foundations and/or businesses. Certain functions, such as incorporation, may be performed by legitimisors in instances where no such service is available with other authorities - such as legal and/or governmental agencies-but may also be performed in addition to any available services. Legitimisors may delegate the right to perform any of these services. Legitimisors' functions may also be incorporated into intermediation. cards cards are devices used to interact with accounts.
Functions performed by cards include : identify: card, card issuee, card holder, card issuer, location, connected account, and/or time of use; authorize functions; access accounts ; transfer, and/or receive, funds, moni, money, consideration, data and/or information ; verify availability of funds; approve use of funds for general, and/or specific, purposes; pre-configure, and/or identify, terms, privileges and/or available options; approve terms ; activate accounts; access, and/or choose among, options. Cards are not limited to small, stiff, flat, and/or rectangular, pieces of paper and/or plastic. Cards may store, and/or process, data and/or information. Cards may be program m able. creditor card card connected to creditor account able to provide creditor functions. May be integrated with prior art cards. gift beneficiary creditor card Well wishers can act as patrons on special occassions. Gift beneficiary creditor cards can be created customized for the occasion, and the recipients, and given as gifts. The patron well wisher provides the moni for the beneficiary's use. An intermediary would issue the card in the beneficiary's name and administer the account on their behalf. The beneficiaries would enjoy use of the patrons funds for lending moni to usufructors. The cards may be usable for a specified duration. Moni returned from the usufructor, or unused by the beneficiary, is transferred by the intermediary to an account specified by the patron. Special occassions include weddings, birthdays, graduations, house warm ings... etc charitable beneficiary creditor card In lieu of charitable handouts, similar to a gift beneficiary creditor card. The card does not specify a beneficiary and is usable by any card bearer. charitable foundations patron lending entities which provide a source of funds for beneficiary clientele to loend to usufructors. The foundation may determine : amounts available for loending, loending terms, perm issible loending uses, and/or acceptable usufructors. Moni is returned from usufructor's accounts directly to the patron's account by intermediation. may be non-profit, not for profit, and for profit. government social services agencies may act as a charitable foundation on behalf of their clientele. This embodiment may appease those opposed to spending government funds on social services and satisfy the needs of those trying to provide the services. This embodiment also has advantages over the payments made under entitlement programs. Over time, a non-depleting fund would require less allocations from the budget. charitable trusts beneficiary funded patron loender entities. a donor loends to usufructors by drawing on a patron charitable trust. The donor's donation to the trust, interest earned on the donation, or both, become the patron source of funds. The donor's right to draw on any portion of the funds may be exclusive or shared with non-donor beneficiaries. Funds not drawn on by the donor may be: used to build the trust's assets, given to charitable purposes, and/or drawn on by non-donor beneficiary clientele in the manner of the charitable foundation disclosed above.
In another version, multiple donors donate to a single charitable trust. Each donor draws from the patron source of funds in proportion to their donation and in accordance with other criteria, including: amount donated, period of time donation has been available to the trust, proportion of funds available to non-donor beneficiaries, and/or the terms of the donor's beneficiary creditor card account. The multiple donor patron charitable trust provides strong incentives for each subsequent donor to donate. The funds made available to donors can be greater than the funds which they've donated. In addition, donors may obtain favorable tax treatment for the original donation, for the charitable use of the interest earned on the donation (which may be concurrent with their use of the trust's funds available to donors) and for any appreciation of the donation. patron employers Employers may be patron loenders on behalf of their employees in collaboration with an independent <BR> <BR> interemediary. Theintermediaryissuescreditorcardstoemployeessupportedbyfund sprovidedbythe employer. The amount of moni to be made available to each employee may be determined by setting their earnings equal to an interest amount equivalent and divide that amount by an interest rate equivalent. The intermediary provides provides anonymity for the employees use of funds and assurance to the employer funds will be returned. store a private, and/or public, forum in/at/thru which to transfer, and/or receive, moni, and/or consideration. A forum may be a virtual forum. The virtual forum may take the form of a catalog operation, a forwarding operation, and/or website. A store may be run by an intermediating usufructor or by a non-intermediary usufructor in collaboration with a separate intermediary. Store may be an auction house. A forwarding operation has no inventory nor physical storefront Orders are taken by the intermediating, and/or non-intermediating, merchant from the consumer. Merchandise is then acquired from distributors, manufacturers, wholesalers, and/or other supptiers, and forwarded to the consumer. auction house includes securities exchanges, commodity exchanges, art auction house with private or public access /participation.