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.
Now, hereâs where I get confused. Itâs clear to me that a president shouldnât be capitalized, because âaâ doesnât refer to one specific person, but when I write the president, I instinctively want to capitalize it. After all, with âthe,â weâre clearly referring to just one person!