Usually, it means that the pin has a flip-flop (a data latch) behind it. When data is written to it, the flip-flop holds the data even after the write process has ended. The only way to change the state of the pin is to write the opposite data state to it or in some case, to tri-state it.
In comparison, an un-latched pin would carry the entire internal data bus to it 'live' (and constantly changing) and a latch pulse would be provided to allow external circuits to 'snapshot' it only when it has the required data on it.
Brian.