Business Dictionary :
Late : adjective : after the time stated or agreed
We apologize for the late arrival of the plane from Amsterdam.
There is a penalty for late delivery.
If delivery is later than the agreed date, the supplier has to pay a fine.
: at the end of a period of time
Latest date for signature of the contract = the last acceptable date for signing the contract
= most recent
He always drives the latest model of car.
Here are the latest sales figures.
: after the time stated or agreed
The shipment was landed late.
The plane was two hours late.
: happening late at night
He had a late-night meeting at the airport.
From Late to HOME PAGE
Their late-night negotiations ended in an agreement which was signed at 3 a.m.