There are two separate services that you need for a working web site - a domain name plus a web hosting plan for it. Whenever you type the Internet domain in your web browser, you see the content that’s uploaded inside the hosting account, but if that domain name is not linked to such an account or to an e-mail service, it is parked. Put simply, the domain address is registered and you are its owner, but it does not have any content of its own. Rather, it can open either a pre-made “Under Construction / For Sale” webpage from the registrar company, or it may be directed to any other URL of your choice. The benefit of parking a domain address is that you can keep it and ensure that no one else will take it. In the meantime, it's not going to take a slot for a hosted Internet domain inside your account. You can also park domains if you have a .com, for example, and you register domain addresses with other extensions like .net, .org or country-code ones to direct them to the main website as a way to protect a brand name.