A corporate entity that falls within the "accredited investor" category,
defined in SEC Rule 501 of Regulation D.
A Qualified Institutional Buyer (QIB) is one that owns and invests,
on a discretionary basis, at least $100 million in securities;
for a broker-dealer the threshold is $10 million.
QIBs encompass a wide range of entities, including banks, savings and loans associations,
insurance companies, investment companies, employee benefit plans or entities
owned entirely by accredited investors.
Banks and S&L associations must also have a net worth of at least $25 million to satisfy the QIB criteria.