There are 2 services you'll need for a functioning website - a domain plus a hosting plan for it. Whenever you type the domain address in your Internet browser, you see the content that is uploaded within the web hosting account, but if that Internet domain isn't linked to such an account or to an email service, it's parked. In other words, the domain is registered and you're its owner, but it doesn't have any content of its own. Instead, it can open either a pre-made “Under Construction / For Sale” Internet page from the registrar company, or it could be forwarded to any other URL of your choice. The main benefit of parking a domain is that you can keep it and ensure that nobody else is going to take it. At the same time, it won't occupy a slot for a hosted domain name inside your account. In addition, you can park domain names if you have a .com, for example, and you register domain addresses with other extensions such as .net, .org or country-code ones to forward them to the main site so as to protect a brand name.