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.
What does AM and PM mean? AM = Ante Meridiem Latin for before midday PM = Post Meridiem Latin for after midday AM is an abbreviation ante meridiem which means before noon in Latin. PM is an â¦abbreviation for post meridiem which means after noon in Latin.