### Question
Can you define what qualified institutional buyer means?


### Answer
**Qualified institutional buyer** is defined as the following in *15 U.S.C. § 78c*:

> given such term in section 230.144A(a) of title 17, Code of Federal Regulations, or any successor thereto.

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2B-SECURITIES EXCHANGES**

