I do. If I see a particular kind of electrical distribution panel in a building I am inspecting, I notify my client that the breakers in this panel have the possibility of being a latent fire hazard by virtue of the fact that they may remain closed in overcurrent. Due to this malfunction, they do not perform the safety function intended. While they do not cause the fire, they continue to feed the fire and, thusly, are a latent fire hazard.

As for the definition of latent homosexuality given in the article blue-clickied above, the defining sentence is not a sentence - at least not in the English language. I repeat it for your convenience : "Latent homosexuality can be defined as homosexual arousal which the individual is either unaware of or dent. "

Now, I know what a latent fire hazard is, but I'll be d***ed if I know what a latent homosexual is.