The term "qualified investor" refers to individuals who meet certain criteria that indicate they have a high level of financial sophistication and can handle the risks associated with investing in complex or speculative securities. These investors are typically experienced in making investment decisions, have a higher net worth, and/or have a higher level of income. In some jurisdictions, being classified as a "qualified investor" allows an individual to participate in certain types of investments that may be restricted to only those with a high degree of financial knowledge or experience.