The term "qualified buyer" refers to a person or entity that has been deemed financially and otherwise capable of making a purchase. In real estate, for example, qualified buyers are typically those who have demonstrated their ability to secure a mortgage loan by meeting certain requirements such as having a stable income, good credit score, and a down payment. This term can also be used in other industries where there is a need to ensure that the buyer has the financial means to make a purchase without putting themselves at risk financially.