Pre-authorized casino credit instrument
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United States of America Patent
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Jan 23, 2018
Issued Date -
N/A
app pub date -
Mar 18, 2016
filing date -
May 17, 2012
priority date (Note) -
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status (Latency Note)
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Abstract
A casino credit access instrument comprises a source of funds for a player, such as for placing wagers to play casino-style games or to purchase other goods or services. The instrument defines a period of timed during which credit may be accessed up to a predetermined amount, defines a redemption period during which any accessed credit may be re-paid, and defines settlement terms if the instrument is not redeemed. Credit may be granted based upon financial collateral, which collateral may be executed upon to settle the instrument. The instrument provides a convenient source of funding for player at low risk to the casino or other lender.
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