What is the Definition of Qualified Institutional Buyer?

Qualified Institutional Buyer

Noun

Definition: A QIB is defined within the meaning of Rule 144A under the Securities Act. A QIB must have a minimum net worth, be involved in and knowledgeable of the risks of the investment and investors for their own account or for the account of another QIB. Most CMBS can only be sold to QIBs.

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