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 stand for? AMâalso spelled âamâ or âa.m.ââis the abbreviation for ante meridiem, a Latin phrase meaning âbefore noon.â PMâalso spelled âpmâ or âp.m.ââis the abbreviation for post meridiem, which simply means âafter noon.â Noon, of course, refers to the middle of the day.