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A parked domain name is an additional domain names pointing to the same place as the main domain name for your account. A parked domain name can be used for accessing your web site and e-mail forwarding.
You can register additional domain names and have them all point to your web site. For example, you could have yourcompany.com, your-product.com and yourcompany.net all pointing to the same web site.
Addon domains are the same in that they forward to an existing domain but they point to a subdomain or to a directory and as such you can host multiple domains from one account with each site having unique space.
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