What is utility bills, primary market, secured loan , colleteral, mortgage.

Question

Accepted Answer

Utility bills, primary market, secured loan, collateral, mortgage are financial terms.

Utility bills are bills for services such as electricity, gas, water, etc.
Primary market is where new securities are issued and sold for the first time.
Secured loan is a loan that is backed by collateral.
Collateral is an asset that is pledged as security for a loan.
Mortgage is a loan used to purchase a property, where the property itself serves as collateral.