| Accredited Investor | |
 A term used by the SEC under Regulation D to define investors that are financially sophisticated and have no need for the protection provided by certain government filings. Also known as a qualified purchaser. |
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 In order for an individual to qualify as an accredited investor, they must meet one of the following expectations: 1) Earn an individual income of more than $200,000 per year, or a joint income of $300,000, in each of the last 2 years and expect to reasonably maintain the same level of income. 2) Have a net worth exceeding $1 million, either individually or joint with their spouse. 3) Be a general partner, executive officer, director, or a related combination for the issuer of the security being offered. These investors are considered to be fully functional without all the restrictions of the SEC. |
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