If you feel grooves, it needs to be machined. If you replace the pads but leave the grooved rotors, the pads will wear unevenly from the beginning. To optimize performance of your braking system, the brake pad should be mated to the metal surface as much as possible. These grooves take away from that process. The same is true with warped rotors.
DEFINITION of 'Qualified Institutional Buyer-QIB'. A corporate entity that falls within the accredited investor category, defined in SEC Rule 501 of Regulation D.
There are three parties that all play a part in the creation of a Mexican bank trust, or fideicomiso: the buyer/beneficiary, the seller, and the Mexican bank. The buyer of the Mexican real estate is the beneficiary of the fideicomiso. The buyer can be a person, a husband and wife or family, any group of people, or a stateside limited liability company, or LLC This buyer/beneficiary will receive all the rights that go with the property. The seller is the grantor.