in economics, a phenomenon whereby many small purchases add up to a significant expenditure over time
You may have heard of the “latte factor,” which states that by skipping the daily stop for a $3 coffee, you can save hundreds, even thousands of dollars, a year.
1999; fr. book “The Automatic Millionaire”
[lat-n] /ˈlæt n/ noun 1. a brasslike alloy commonly made in thin sheets and formerly much used for church utensils. 2. tin plate. 3. any metal in thin sheets. /ˈlætən/ noun 1. metal or alloy, esp brass, made in thin sheets
[lat-er] /ˈlæt ər/ adjective 1. being the second mentioned of two (distinguished from ): I prefer the latter offer to the former one. 2. more advanced in time; : in these latter days of human progress. 3. near or comparatively near to the end: the latter part of the century. 4. Obsolete. 1 ; final. […]
[lat-er-dey] /ˈlæt ərˌdeɪ/ adjective 1. of a later or following period: latter-day pioneers. 2. of the present period or time; modern: the latter-day problems of our society. adjective 1. present-day; modern
- Latter-day Saint
noun 1. a member of the Church of Jesus Christ of Latter-day Saints. noun 1. a more formal name for a Mormon