駐 stop at

The master parks his horse for a few hours so it can CHEW grass.

parking lot. ★★★☆☆
駐 (stop at) + 車 (car) + 場 (place) = 駐車場 (parking lot.)

parking lot. Interestingly, there is no word for 'parking space,' in the sense of "Keep a lookout for a good space!"

no parking ★★☆☆☆ NP
駐 (stop at) + 車 (car) + 禁止 (forbidden) = 駐車禁止 (no parking)