Which of the Following Is a Valid Characterization of the Borrower's

Which of the following is a valid characterization of the borrower's promise to repay a loan and the lender's collateral or security if the borrow fails to repay?

A) They are the major elements of the credit agreement.
B) Each refers to any interest in property that is of value to a lender.
C) Each reflects the need for extensive security due to uncertain value.
D) They are the lender's value in any property interest.