Source : Webster's Revised Unabridged Dictionary (1913)

Late \Late\, a. [Compar. {Later}, or {latter}; superl.
   {Latest}.] [OE. lat slow, slack, AS. l[ae]t; akin to OS. lat,
   D. laat late, G. lass weary, lazy, slack, Icel. latr, Sw.
   lat, Dan. lad, Goth. lats, and to E. let, v. See {Let} to
   permit, and cf. {Alas}, {Lassitude}.]
   1. Coming after the time when due, or after the usual or
      proper time; not early; slow; tardy; long delayed; as, a
      late spring.

   2. Far advanced toward the end or close; as, a late hour of
      the day; a late period of life.

   3. Existing or holding some position not long ago, but not
      now; lately deceased, departed, or gone out of office; as,
      the late bishop of London; the late administration.

   4. Not long past; happening not long ago; recent; as, the
      late rains; we have received late intelligence.

   5. Continuing or doing until an advanced hour of the night;
      as, late revels; a late watcher.

Source : WordNet®

latest
     adj 1: up to the immediate present; most recent or most up-to-date;
            "the news is up-to-the-minute"; "the very latest
            scientific discoveries" [syn: {up-to-the-minute}]
     2: in accord with the most fashionable ideas or style; "wears
        only the latest style"; "the last thing in swimwear";
        "knows the newest dances"; "cutting-edge technology"; "a
        with-it boutique" [syn: {last}, {newest}, {up-to-date}, {cutting-edge},
         {with-it}]