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.
1 The Romans also used a 12 hour clock. 2  The 12 hour dial became popular with mechanical clocks during the 15th and 16th centuries and this has continued to this day.  The abbreviations for am and pm are often also written as a.m. and p.m. or AM and PM.