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:
Jul. 12, 2011
Filed:
May. 08, 2003
Frederick J. Fiddle, Ridgewood, NJ (US);
Stuart C. Kaperst, New York, NY (US);
Prasanth Rao-kathi, Atlantic Highlands, NJ (US);
Paul A. Pepe, New York, NY (US);
Russell L. Stein, Englewood Cliffs, NJ (US);
Yonathan Epelbaum, Brooklyn, NY (US);
Richard P. Luciano, Morristown, NJ (US);
Frederick J. Fiddle, Ridgewood, NJ (US);
Stuart C. Kaperst, New York, NY (US);
Prasanth Rao-Kathi, Atlantic Highlands, NJ (US);
Paul A. Pepe, New York, NY (US);
Russell L. Stein, Englewood Cliffs, NJ (US);
Yonathan Epelbaum, Brooklyn, NY (US);
Richard P. Luciano, Morristown, NJ (US);
Bank of America Corporation, Charlotte, NC (US);
Abstract
In a method for obtaining capital, a convertible or exchangeable financial instrument having an accreted value and that earns returns over a lifetime comprising at least a first and a second time period is offered. During a first time period, at least some of the returns earned are paid in cash. During a second time period all of the returns earned are accreted to the accreted value of the financial instrument. Returns may be earned during each period according to a rate associated with each period. The rate associated with each period may be fixed or variable and may be modified by one or more rate modifiers, such as a minimum or maximum rate. The financial instrument may include a provision describing how the instrument is serviced when the current value of a rate is negative.