Meaning of the word multicolor in English

What does multicolor mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

multicolor

US /ˌmʌl.tiˈkʌl.ɚ/
UK /ˌmʌl.tiˈkʌl.ər/

Adjective

having many colors

Example:
The artist used a multicolor palette for the vibrant painting.
The children loved the multicolor balloons at the party.