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.
Accredited Investors. Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements.The Act provides companies with a number of exemptions.For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as accredited investors.. The term accredited investor is defined in Rule 501 of Regulation D.For more information about the SECâs registration requirements and common exemptions, read our brochure, Small Business & the SEC.he term accredited investor is defined in Rule 501 of Regulation D. For more information about the SECâs registration requirements and common exemptions, read our brochure, Small Business & the SEC.