A parked domain is NOT a unique website. Instead, it is a masked forward to the primary domain name of your cPanel account, much like a website alias. This type also does require you to register the new domain name before you can host it. Parked domains are commonly used when you need a place to park a domain you do not have a website for, when you have more than one domain that should lead to your primary domain, or when you have common misspellings of your domain name that you have registered.
