Definitions of latitude:

• noun:   scope for freedom of e.g. action or thought; freedom from restriction
• noun:   the angular distance between an imaginary line around a heavenly body parallel to its equator and the equator itself
• noun:   an imaginary line around the Earth parallel to the equator
• noun:   freedom from normal restraints in conduct

  Example: "Allowed his children considerable latitude in how they spent their money"