Auction insurance system
US7752120B2 · kind B2 · utility
4Cited by
9References
30Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Sep 10, 2004 |
| Grant date | Jul 6, 2010 |
| Priority date | — |
| Expiry date | Apr 9, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system determines insurance parameters for insuring online auctions. The insurance parameters may be based on predicted auction results. An insurance policy reflecting the insurance parameters may be offered to an online auction buyer, seller, or other market participant. The insurance policy may insure, for example, that an item for sale will obtain at least a price specified by the insurance policy.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.