System and method for providing an insurance premium for price protection
US7945500B2 · kind B2 · utility
9Cited by
64References
20Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Apr 8, 2008 |
| Grant date | May 17, 2011 |
| Priority date | — |
| Expiry date | Jan 3, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for providing an insurance premium in association with an insurance strike price for a commodity are disclosed. By paying the insurance premium a consumer may obtain price protection for a commodity purchase. In particular, in one embodiment a consumer may obtain the right to be reimbursed for any amount paid over the insurance strike price for the commodity.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.