High Net Worth Individual definition

High Net Worth Individual means an individual who—

High Net Worth Individual is as defined in the MAS Guidelines on Exemption for Specialised Units Serving High Net Worth Individuals under Section 100(2) of the Financial Advisers Act and means any of the following:

High Net Worth Individual means an individual that holds in total a minimum of EUR 1 000 000 in financial or investable wealth or assets under management, excluding that individual’s main private residence. For the purposes of this Directive, an individual shall be considered as a high net worth individual when that minimum threshold is met at any time during the calendar year for which the exchange takes place.

Examples of High Net Worth Individual in a sentence

• A disclaimer in bold letters stating that, “This is not a prospectus for issue of shares to the general public but a document prepared for the purpose of offering shares of an SME only to Qualified Institutional Buyers(QIBs) and High Net Worth Individual Investors (HNWIs).

• Priority for allocation of the remaining undersubscribed Portion(s) shall be given to day wise Applications received in the Retail Individual Investors Portion followed by High Net Worth Individual Investors Portion, next Non-Institutional Portion and lastly Institutional Portion each according to the day of upload of Applications to the Electronic Book with Stock Exchange during the Issue period.

• Priority for allocation of the remaining undersubscribed Portion(s) shall be given to day wise Applications received in the Retail Individual Investors Portion followed by High Net Worth Individual Investors Portion, next Non-Institutional Portion and lastly Institutional Portion each according to the day of upload of Applications to the Electronic Book with Stock Exchange during the Tranche I Issue period.

• However, on the date of oversubscription, the allotments should be made to the applicants on proportionate basis.(b) Under Subscription: If there is any under subscription in any Category, priority in Allotments will be given to the Retail Individual Investors Portion, High Net Worth Individual Investors Portion, and balance, if any, shall be first made to applicants of the Non-Institutional Portion, followed by the Institutional Portion on a first come first serve basis, on proportionate basis.

• For removal of doubt, the terms "Institutional Portion", "Non-Institutional Portion", "High Net Worth Individual Investors Portion" and "Retail Individual Investors Portion" are individually referred to as “Portion” and collectively referred to as “Portions”.

More Definitions of High Net Worth Individual

High Net Worth Individual means a natural person residing in the U.S. that is an “accredited investor” within the meaning of Section 501(a) of Regulation D under the Securities Act.

High Net Worth Individual means an individual:

High Net Worth Individual means a Person whose investable Assets exceeds Five Million Naira (5,000,000.00) in Liquid Cash;

High Net Worth Individual means an individual with a net worth of at least 5,000,000 (five million) Birr, excluding automobiles and primary residence, or such amount as may be prescribed by the Authority.

High Net Worth Individual means an individual possessing investable assets of at least USD 1 million (or the equivalent value in another currency), and, anticipating investable assets of at least USD 250,000 (or the equivalent value in another currency) to be managed by the bank within a period of three years. A confirmation on these two criteria shall be submitted to the bank in writing by the high-net-worth individual;

High Net Worth Individual shall have the meaning as set out in section 2(1) of the SIBA, meaning

High Net Worth Individual or “HNWI” means an individual customer resident for tax purposes in the United Kingdom only, whom we have designated as being eligible to open a Corporate Treasury Account and who satisfies the Account Opening Requirements;