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.
AM is an abbreviation of the Latin words ante meridiem  meaning before noon. It is used to designate the time from midnight  to noon.    It is also used in radio commâ¦unication to mean Amplitude  Modulation   A.M. is an acronym for the Latin term, Anti Meridian, (Before  Noon).