Final answer:
The term 'mestizo' refers to a person born to Spanish and native parents, positioned in the social hierarchy of Colonial Latin America below peninsulares and creoles.
Step-by-step explanation:
The term for a person born to Spanish and native parents is mestizo. Mestizos are individuals of mixed ancestry, specifically between Indigenous peoples of the Americas and Spaniards. In the hierarchical social structure of Colonial Latin America, mestizos occupied a social status below the peninsulares and creoles.
They often worked in various roles, serving peninsulares and creoles. The importance of these mixed-race individuals has been recognized in the complexities of colonial society, reflecting the blending of cultures and contributing to the diverse demographic makeup of Latin America. Over time, mestizos have played significant roles in the history and development of this region.