Question

which one is not related to development​

Answer 1

it is not cumulative

Answer 2

Answer:

It is not cumulative.

Explanation:

• Non-Cumulative means that the issuer may elect not to make any number of periodic Distributions without any remedy arising under the terms of the securities or related agreements in favour of the holders, other than one or more Permitted Remedies, with respect to any Qualifying Capital Securities.
• With respect to a Project, Development Work means the work of development to be performed on or with respect to the Land in connection with the development of the Land for the subsequent construction of Homes, all of which work and construction must be completed by or on behalf of the Borrower in accordance with the Plans and Specifications, but does not include the Construction Improvements.
• Economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or individual are improved in accordance with specific goals and objectives.

Thus the correct answer is option A.

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