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". In the Web hosting business, domain name parking is a service that a Web hosting company will offer to its clients as a way of securing a domain name for future use. The Web host registers the domain name with the InterNIC and "parks" the domain name on a server until it is ready to be made active. By doing this, the Web host ensures the availability of the domain name for the client's future use so that another individual or company cannot register that same domain name. parking a domain name alone will result in no service (webhosting, e-mail) for that particular domain name.
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