Operation Processor Interview Questions and Answers

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.