Angela Colley. A mortgage â a loan to finance the purchase of your home â is likely the largest debt youâll ever take on. A mortgage is actually made up of several parts â the collateral you used to secure the loan, your principal and interest payments, taxes and insurance.
They are abbreviations for the Latin terms ante meridiem and post meridiem, and should therefore always be capitalized. Technically they should be spelled A.M. and P.M. fâ¦or the same reason, but they are most often not and it is considered correct either way.
Meridiem is the Latin for midday. Ante is the Latin for before. Post is the Latin for after.   a.m. is the abbreviation of the Latin phrase ante meridiem-and means befo â¦ re midday. p.m. is the abbreviation of the Latin phrase post meridiem-and means after midday.  Because we use a 12 hour clock we need to be able to distinguish which part of the day we mean when we say 8 o'clock.I don't want to hang around for 12 hours wiating for the 8:00 bus. 4 people found this useful.M is an abbreviation ante meridiem which means before noon in Latin. PM is an abbreviation for post meridiem which means after noon in Latin.