? Credit is secured by guarantees. The borrower agrees that, until full payment of the loan, the loan is granted by _________.B_____ Lenders often think they have to resign two or three days in advance before institutions can be used or removed. This can often be reduced to one day`s notice, or in some cases even notice up to a certain amount of time on the day of use. A loan agreement is a document between a borrower and a lender describing a credit repayment plan. A credit agreement is a written agreement between two parties – a lender and a borrower – that can be imposed in court if one party does not maintain the end of the agreement.