lovebird vs paraquet

lovebird and paraquet both are nouns.

Word	Noun	Adjective	Verb	Adverb
lovebird	Yes	No	No	No
paraquet	Yes	No	No	No

As nouns, paraquet is a hypernym of lovebird; that is, paraquet is a word with a broader meaning than lovebird:

lovebird: small Australian parakeet usually light green with black and yellow markings in the wild but bred in many colors
paraquet: any of numerous small slender long-tailed parrots

Other hypernyms of lovebird include parakeet, paroquet, parrakeet, parroket, parroquet.

lovebird (noun)	paraquet (noun)
small African parrot noted for showing affection for their mates	any of numerous small slender long-tailed parrots
small Australian parakeet usually light green with black and yellow markings in the wild but bred in many colors