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1.
a way of saying good bye or see you later
Person 1: well i got to got now
Person 2: okay
Person 1: later on
Person 2: later
by Emma Porter May 25, 2005
 
2.
Similar in use to goodbye. Expanded, "I'll see you later on."
Guy 1: "Gotta go."
Guy 2: "Lateron."
by noitacol June 01, 2006