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Multiracial is defined as made up of or relating to people of many races. -From Article

There are many terms that exist for people of different multiracial backgrounds. While some of the terms used in the past are considered insulting and offensive, there are many terms that exists now that are socially acceptable and multiracial people identify with. Some examples include mixed-race, biracial, multiracial, métis, mestizo, pardo, and mixed. Individuals of different multiracial backgrounds make up a significant portion of the population in many parts of the world. In North America studies have found that the multiracial population is continuing to grow. Because of a decline of racial discrimination, people with various ethnic backgrounds no longer feel the need to hide their "mixed-race" heritage. In many countries of Latin America and the Caribbean, multiracial people make up the majority of the population. Other areas where multiracial people make up a considerable amount of the population are the United Kingdom, the Middle East, parts of Africa and Asia, New Zealand, and Fiji.