Gaging where the two of you stand and hesitating to take it to another step. Many people opt for exclusivity because they are interested in building a future with someone and may be considering marriage. This is exclusivity, and not commitment. Security answer is required. Exclusivity is one of many ways to approach a relationship. If this continues to go well, I promise I won't mess up with anyone else" is exclusive dating.
Parents were looking for the terms, exactly?
Does 'We're Exclusive' Mean You're Boyfriend/Girlfriend? Probably Not.
Don't think that just 'cause you've spent a considerable amount of time together, you'll always be together. Security question is required. When people date exclusively, they are taking themselves out of the dating game to devote time and love to one person. Are you sure you two are on the same page? Labels do well, however, to simplify and clarify -- to provide boundaries and set expectations.