Definition - What does Shared Hosting mean?
Shared hosting is a type of Web hosting service that allows multiple websites to share a physical Web server and its resources among the hosted websites. Shared hosting logically distributes a Web server to accommodate, serve and operate more than one website.
Shared hosting may also be referred to as virtual shared hosting.
Techopedia explains Shared Hosting
Shared hosting is recommended for websites that are smaller in size, don’t have a large amount of Web traffic, have considerably lower security concerns and require cost-effective solutions for website hosting.