diff --git a/README.md b/README.md
index 7780379..632319f 100644
--- a/README.md
+++ b/README.md
@@ -1,6 +1,6 @@
 # TinyTools
 
-![Version](https://img.shields.io/badge/Version-0.2.0-blue)
+![Version](https://img.shields.io/badge/Version-0.3.0-blue)
 ![License: LGPLv3](https://img.shields.io/badge/License-LGPLv3-blue.svg)
 
 A collection of small, useful tools for Java development. TinyTools aims to provide lightweight utilities that simplify
@@ -50,7 +50,7 @@ Add the following dependency to your `pom.xml` file:
 <dependency>
     <groupId>com.github.glitchruk</groupId>
     <artifactId>tinytools</artifactId>
-    <version>0.2.0</version>
+    <version>0.3.0</version>
 </dependency>
 ```
 
@@ -61,7 +61,7 @@ Add the following dependency to your `pom.xml` file:
 
 ```groovy
 dependencies {
-    implementation files('libs/tinytools-0.2.0.jar')
+    implementation files('libs/tinytools-0.3.0.jar')
 }
 ```
 
@@ -71,14 +71,14 @@ A list of the components in this library.
 
 | Class                                                                          | Description                                          |
 |--------------------------------------------------------------------------------|------------------------------------------------------|
-| [`Lazy<T>`](src/main/java/com/github/glitchruk/tinytools/concurrent/Lazy.java) | A thread-safe utility class for lazy initialization. |
+| [`Late<T>`](src/main/java/com/github/glitchruk/tinytools/concurrent/Late.java) | A thread-safe utility class for late initialization. |
 | [`Memo<T>`](src/main/java/com/github/glitchruk/tinytools/concurrent/Memo.java) | A thread-safe utility class for memoization.         |
 
-### Lazy\<T\>
+### Late\<T\>
 
-The `Lazy` class allows for deferred initialization of an object, where the value is only set once and accessed multiple
-times. This is useful in cases where an expensive computation or initialization needs to be deferred until the first
-access, while ensuring thread safety and efficient access for subsequent reads.
+The `Late` class allows for deferred initialization of an object, where the value is only set once and accessed multiple
+times. This is useful in cases where an expensive computation or initialization needs to only be performed once, while
+ensuring thread safety and efficient access for subsequent reads.
 
 #### Key Features
 
@@ -90,7 +90,7 @@ access, while ensuring thread safety and efficient access for subsequent reads.
 
 ```java
 public final class Person {
-    private final Lazy<Integer> age = new Lazy<>();
+    private final Late<Integer> age = new Late<>();
 
     public Person() {
         // Constructor does not set age; it will be set later
@@ -109,8 +109,8 @@ public final class Person {
 public class Main {
     public static void main(String[] args) {
         Person person = new Person();
-        person.initializeAge(25); // Deferred initialization
-        System.out.println("Age: " + person.getAge()); // Outputs: Age: 25
+        person.initializeAge(42); // Deferred initialization
+        System.out.println("Age: " + person.getAge()); // Outputs: Age: 42
     }
 }
 ```
diff --git a/build.gradle b/build.gradle
index 0574591..2f52676 100644
--- a/build.gradle
+++ b/build.gradle
@@ -1,5 +1,5 @@
 group = 'com.github.glitchruk'
-version = '0.2.0'
+version = '0.3.0'
 
 apply plugin: 'java'
 
diff --git a/pom.xml b/pom.xml
index e1b61cf..1f615f5 100644
--- a/pom.xml
+++ b/pom.xml
@@ -6,7 +6,7 @@
 
     <groupId>com.github.glitchruk</groupId>
     <artifactId>tinytools</artifactId>
-    <version>0.2.0</version>
+    <version>0.3.0</version>
 
     <properties>
         <maven.compiler.source>21</maven.compiler.source>
diff --git a/src/main/java/com/github/glitchruk/tinytools/concurrent/Lazy.java b/src/main/java/com/github/glitchruk/tinytools/concurrent/Late.java
similarity index 86%
rename from src/main/java/com/github/glitchruk/tinytools/concurrent/Lazy.java
rename to src/main/java/com/github/glitchruk/tinytools/concurrent/Late.java
index 5a5ed84..83b28ab 100644
--- a/src/main/java/com/github/glitchruk/tinytools/concurrent/Lazy.java
+++ b/src/main/java/com/github/glitchruk/tinytools/concurrent/Late.java
@@ -18,13 +18,13 @@
  */
 
 /**
- * A thread-safe utility class for lazy initialization.
+ * A thread-safe utility class for late initialization.
  * <p>
- * The {@code Lazy} class provides a mechanism for deferred initialization
+ * The {@code Late} class provides a mechanism for deferred initialization
  * of an object. The value is set only once and can then be accessed multiple times.
  * This is particularly useful in scenarios where an expensive computation or
- * initialization should be postponed until the first access, while maintaining
- * thread safety and ensuring efficient subsequent reads.
+ * initialization should only be performed once, while maintaining thread safety
+ * and ensuring efficient subsequent reads.
  * </p>
  *
  * <p><strong>Key Features:</strong></p>
@@ -54,7 +54,7 @@
  * <p><strong>Example Usage:</strong></p>
  * <pre>{@code
  * public final class Person {
- *     private final Lazy<Integer> age = new Lazy<>();
+ *     private final Late<Integer> age = new Late<>();
  *
  *     public Person() {
  *         // Constructor does not set age; it will be initialized later
@@ -79,16 +79,16 @@
  * }
  * }</pre>
  *
- * @param <T> the type of the value to be lazily initialized
+ * @param <T> the type of the value to be initialized late
  */
-public class Lazy<T> {
+public class Late<T> {
     private T value;
     private boolean initialized;
 
     /**
-     * Creates a new {@code Lazy} instance with no initial value.
+     * Creates a new {@code Late} instance with no initial value.
      */
-    public Lazy() {
+    public Late() {
         this.value = null;
         this.initialized = false;
     }
@@ -101,7 +101,7 @@ public Lazy() {
      */
     public synchronized void set(final T value) {
         if (initialized) {
-            throw new IllegalStateException("Lazy value already initialized");
+            throw new IllegalStateException("Late value already initialized");
         }
         this.value = value;
         this.initialized = true;
@@ -115,7 +115,7 @@ public synchronized void set(final T value) {
      */
     public synchronized T get() {
         if (!initialized) {
-            throw new IllegalStateException("Lazy value not initialized");
+            throw new IllegalStateException("Late value not initialized");
         }
         return value;
     }