Perfect. Yes, that's exactly right -- if the language semantics is able to guarantee a set of possible values for a data-racy read, then it doesn't catch fire.
The catch-fire terminology comes from the analogy that, as soon as a data race occurs, the semantics of the program completely explodes, and all guarantees are lost---the program is then allowed to do literally anything. This is sometimes known as "DRF-SC or catch fire": either the program is data-race-free (and therefore its executions are sequentially consistent), or the program has undefined behavior.
Infamously, the C memory model has the catch-fire problem. And therefore, any language which relies on the C memory model can catch-fire. As of today, I believe this includes C/C++, Swift, Rust, and probably a few others.