When someone registers a domain name, does not develop it into a Web site, but just sits on it (and keeps paying the annual fees), the domain is said to be "parked." Web hosting companies offer to "hold" specific domain names as a service to their customers. It is referred to as "parking" because once the hosting company registers the domain name with InterNIC, it must "park" it on a server until it is ready to be activated.
NetLingo Classification: Online Business
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