The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Nov. 16, 2010
Filed:
Oct. 10, 2006
Christopher Andrew Sandoval, San Antonio, TX (US);
Christopher Andrew Sandoval, San Antonio, TX (US);
United Services Automobile Association (USAA), San Antonio, TX (US);
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.