A parked domain name is one that is taken, but it's not connected to another service - web or email hosting. Basically, such a domain won't open any actual content if you type it in a web browser, but no one else can take it as you have already registered it and you are its owner. The benefit of acquiring a domain and parking it afterwards is that you’re able to keep it and not stress that somebody else may register it meanwhile if, for instance, the site for it is not ready yet. You may set a short-term Under Construction page for a parked Internet domain while you are working on the website, or direct it to another web address - temporarily or permanently. The second option can be employed when you have already registered domain.com, for instance, and you acquire domain.net and domain.org, in order to protect a brand name or a trademark. In such a case, the .net and .org domain addresses can be parked and directed to the .com since you don't need separate websites for them.