Parabolic is the term used to describe the lens of the luminaire. Parabolics have reflective squares for a lens material rather than the clear acrylic material that is so common. The parabolic lens performs two functions really well. It focuses the light downward to the task plane well and it makes it so the source of the light cant be seen as you are looking across a room. This is a huge reduction of glare, which in a work environment can cause all kinds of physiological problems.
You'll normally see parabolic lenses in large cubicle areas. Hope this helps.
CD