### Question
Can you define what qualified note means?


### Answer
**Qualified note** is defined as the following in *12 U.S.C. § 1831e*:

> any note that—


(A) is at all times fully secured by the corporate debt security that does not meet standards of credit-worthiness established by the Corporation transferred in exchange for the note, or by other collateral of at least equivalent value that is acceptable to the Comptroller of the Currency or the Corporation, as appropriate

#### Citation:
  - *12 U.S.C. § 1831e*
  - Heading: **CHAPTER 16-FEDERAL DEPOSIT INSURANCE CORPORATION**

