In popular use, the term ladino commonly refers to non-indigenous Guatemalans, as well as mestizos and westernized Amerindians. The word was popularly thought to be derived from a mix of Latino and ladrón, the Spanish word for "thief", but is not necessarily or popularly considered a pejorative.
The term "ladino" is often used to refer to non-indigenous Guatemalans, mestizos, and individuals with a Westernized indigenous background. The origin of the term was thought by many to be derived from a combination of "Latino" and "ladrón," which means "thief" in Spanish, but it's not necessarily or commonly considered derogatory.