Obviously, you can call it whatever you want but calling it a Terz is more accurate than parlor (in my book). They were designed to be tuned higher and to be played as part of a guitar group. Technically, they are different from guitars in the same way a violin is different from a viola. Played much the same, but occupying a different part of the spectrum than (though overlapping with) a guitar.
That said, you can play it and call t whatever you want. (grin). I'd love to see pics.
Ed
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