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.
The Definition of an âAccredited Investorâ. Investors in Origin must be âaccredited investors.â Itâs a threshold set by the federal government. Do you meet the definition of an âaccredited investor?â Individuals who can answer âyesâ to at least ONE of the following statements qualify as accredited investors. â¢ I have an individual net worth, or joint net worth with my spouse, that exceeds $1 million (excluding the value of my primary residence).