The assertions are both true, but it is an unusual name. I think it translates Spanish "lenguas latinas", which means romance languages, in other words, languages derived from Vulgar Latin. These are Portuguese, Spanish, Galician, Catalan, French, Italian, Romansh and Rumanian, and a couple of extinct languages like Dalmatian.
But in other contexts, it means vocabulary derived from Latin in non-romance languages.
Hope it helps!