You are correct!
From our dictionary:
(ul'tu•mu thOO'lE; Lat. ool'ti•mä" tOO'le),
1. (italics) Latin.the highest degree attainable.
2. the farthest point; the limit of any journey.
3. the point believed by the ancients to be farthest north. Also called Thule.
About Infoplease, Part of Family Education Network
© 2000–2013 Pearson Education, publishing as Infoplease