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 stands for âante meridiemâ, which means âbefore noonâ in Latin, while PM stands for âpost meridiemâ, which means âafter noonâ in Latin. 12-Hour Periods. Most clocks today are 12-hour clocks â they divide the 24 hours in a day into two 12-hour periods.