BizTerm Definition
Qualified Investor
Short Definition
Someone able to purchase non registered securities
Full Definition

Defined in Section 3(a)(54) of the Securities Exchange Act of 1934 as either: * A natural person who owns not less than $5,000,000 in investments OR * A company that owns not less than $5,000,000 in investments that is owned directly or indirectly by or for two (2) or more persons related as siblings or spouse (including former spouses), or direct lineal descendants by birth, adoption, spouses of such persons, or foundations, charitable organizations or trusts established by or for the benefit of such persons OR * A trust not covered by clause (16) that was not formed for the purpose of acquiring Interests, as to which the trustee or other person authorized to make decisions with respect to the trust, and each settlor or other person who has contributed assets to the trust is a person described in clause (15), (16) or (18) OR * A person , acting for its own account or the accounts of other qualified purchasers, who in the aggregate owns and invests on a discretionary basis not less than $25,000,000 in investments. An entity all of the securities in which all of the equity owners are qualified purchasers. Corporations and LLCs are allowed to sell ownership to these individuals or companies without filing an offering with the SEC.

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