Etymology
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Words related to latter

late (adj.)

Old English læt "occurring after the customary or expected time," originally "slow, sluggish, slack, lax, negligent," from Proto-Germanic *lata- (source also of Old Norse latr "sluggish, lazy," Middle Dutch, Old Saxon lat, Dutch laat, German laß "idle, weary," Gothic lats "weary, sluggish, lazy," latjan "to hinder"), from PIE *led- "slow, weary," from root *‌‌lē- "to let go, slacken."

From mid-13c. as "occurring in the latter part of a period of time." From c. 1400 as "being or occurring in the near, or not too distant, past; recent" (of late). From this comes the early 15c. sense "recently dead, not many years dead" (as in the late Mrs. Smith). Of menstruation, attested colloquially from 1962. Expression better late than never is attested from late 15c. As an adverb, from Old English late "slowly."

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later (adj., adv.)
"afterward," 16c., comparative of late. A modern formation; the Old English comparative lator developed into latter. As a salutation, "farewell," from 1954, U.S. colloquial, short for adverbial use in (I'll) see you later.
latter-day (adj.)
"belonging to recent times," 1842; see latter (adj.). Originally in Latter-day Saints, the Mormon designation for themselves.
latterly (adv.)
1734, from latter (adj.) + -ly (2). Called by Johnson [1755] "a low word lately hatched." Related: Lattermost.
*‌‌lē- 

Proto-Indo-European root meaning "to let go, slacken." 

It forms all or part of: alas; allegiance; lassitude; last (adj.) "following all others;" late; latter; lenient; lenitive; lenity; let (v.) "allow;" let (n.) "stoppage, obstruction;" liege.

It is the hypothetical source of/evidence for its existence is provided by: Greek ledein "to be weary;" Latin lenis "mild, gentle, calm," lassus "faint, weary;" Lithuanian lėnas "quiet, tranquil, tame, slow," leisti "to let, to let loose;" Old Church Slavonic lena "lazy," Old English læt "sluggish, slow," lætan "to leave behind."