### Question
What is the definition of qualified investor?


### Answer
The definition of **qualified investor** is as follows in *15 U.S.C. § 78c*:

> given such term by subparagraph (A) of this paragraph except that clauses (xi) and (xii) shall be applied by substituting "$10,000,000" for "$25,000,000".

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

