Which of the following statements regarding loan terminology is true?

C. Lenders can revise loan terms if a borrower violates a loan covenant.

B. Loan covenants are the collateral provided by a borrower to a lender as security on a loan.

A. A secured loan means that the borrower has a pre-approved line of credit backing the debit.

D. 2 companies are able to establish lines of credit which will allow them to borrow money as needed, up to a prearranged limit.