Patents by Inventor Miller A. Mark

Miller A. Mark has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20160307245
    Abstract: Various embodiments are directed to a system and method for matching providers (e.g., lenders) and receivers (e.g., borrowers or purchasers) of a good (e.g., a tangible product or loan funds). The provider may specify one or more parameters of a commitment to provide the good, such as quantity and delivery specifications. Before a receiver accepts the commitment, the provider may provide a portion of the total commitment (e.g., a margin amount of a loan or a percentage of a quantity of a tangible product). A one-time or continuing commitment fee may be paid to the lender for providing the loan commitment. The commitment fee may be based on the loan commitment amount and/or the margin amount. When a borrower accepts the terms of the loan commitment, the lender may fund the remaining balance of the loan principal amount. If the lender fails to fund the remaining balance, the lender may forfeit the margin amount.
    Type: Application
    Filed: December 14, 2015
    Publication date: October 20, 2016
    Inventors: Howard W. Lutnick, Thomas D. Bradshaw, Miller A. Mark, Gerard Phelan