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* and PM* Abbreviation(s), Latin phrase, Meaning. 1  Terms 12 a.m. and 12 p.m. cause confusion and should not be used as neither the 12 am nor the 12 pm designation is technically correct.  It advisable to use 12 noon and 12 midnight where clarity is required.