As Raina makes sure she has enough money for her auto loan payment, she reminds herself that her car is considered collateral. What does this mean?
A
Raina cannot borrow any more money until she pays for the car.B
If Raina cannot pay the loan, the car will be taken back from her.C
The car is tied to the value of the mortgage on Raina’s home.D
Once Raina pays back the loan, the lender will own the car.