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Latino Standard Time 

1. Latino Standard Time (LST) refers to the amount of time between when someone of Latin American origin says that they will be somewhere, and when they actually are. Generally Latino standard time ranges between LT (Local Time) + 30min and LT + 2h. In rare instances, LST can be LT + up to 1 day.
Ed: Didn't Leslie say that she would be ready to leave 45 minutes ago?
Doug: Yeah, but she's on Latino Standard Time.
Latino Standard Time by Eduardo v October 2, 2006

Latino Standard Time 

Within the Latin o community, there are certain individuals who are on their own time element, and are usually late to certain events. This can be a complete nuisance, particularly when a specific time event is scheduled (i.e. dinner party, wedding,, baby shower, etc.). Synonymous with being "fashionably late".
Roger: Where are Diego and Maria? I told them dinner would be at 7pm. It is 7:45 no~
David: Don't you know? They are always on Latino Standard Time~ Anybody else would have the decency to call that they are funning late, but with them,

Latin Standard Time (LST) 

the independent time that people of latin decent function off of. this usually means they will be late anywhere from 30 minutes to two hours.
Kaitlyn- Where's Lola?
Reesa- Don't you know she runs on Latin Standard Time (LST)?! She'll be here in an hour...