What term describes the American-born Spaniards who inherited their European parents' possessions?

The term that describes the American-born Spaniards who inherited their European parents' possessions is "Crillos." This term historically refers to those of Spanish descent who were born in the Americas, distinguishing them from the Peninsulares, who were Spaniards born in Spain. Crillos often occupied a unique social position in colonial society, as they were seen as part of the local elite but were sometimes viewed with suspicion by the Peninsulares due to their place of birth. Their inheritance of wealth and land from European parents often placed them in a powerful socio-economic position within the colonial framework.

Understanding this distinction is crucial in exploring the complexities of colonial society in the Americas, particularly in how different groups interacted with one another based on their origins and status.