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.
In formal writing, it is best to lowercase both a.m. and p.m. and retain the periods (as opposed to writing them AM/PM or am/pm); however, should you choose to use a different format, the most important rule is to be consistent throughout your piece.