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.
To remedy that problem, the two separate periods can be shown on the same analog clock by using the AM and PM suffixes. As we said above, AM stands for âante meridiemâ or before noon in Latin, so it is used to describe the first portion of the day â the first 12 hours. On the other hand, PM stands for âpost meridiemâ or after noon in Latin and itâs used to describe the second portion of the day â the final 12 hours.