What exactly are the meanings of the terms "parametric hypersurface" and "non-parametric hypersurface"?
My initial guess was "parametric" referred to a hypersurface that is a global graph (e.g. the graph of a parabola in $\mathbb{R}^{2}$ or the graph of the tangent function in $(-\pi/2,\pi/2) \times \mathbb{R}$) --- graphs are explicitly "parametrized" ---, whereas "non-parametric" referred to hypersurfaces that might not be graphs everywhere, like the circle --- which do not have a "canonical parametrization." However, I fear it's the exact opposite --- and I don't understand the reasoning behind the terminology.
The terminology seems to be taken for granted in differential geometry papers (e.g. this and this).
"Parametric" or "parameterized" means given as an image of a map from a domain $\mathbb{R}^2$ (usually domain="a non-empty open set"). Thus a parametric surface is one that is given as an image of a map, say $x(u,v) = u(1 - u^2/3 + v^2)/3, y(u,v)= v(1 - v^2/3 + u^2)/3, z(u,v)= (u^2 - v^2)/3.$ This does not have to be graphical.
Now, a graph of a function $f(x,y)$ has a standard parametrization $x=u, y=v, z=f(u,v)$. However, one does not need to explicitly invoke this parametrization, since the surface is now encoded in the function $f$. Thus, in the minimal surfaces literature, the surface is said to be given in "non-parametric form". (In higher simensions, we have a graph of $n-2$ functions $x(x_1,x_2) = (x_1,x_2,f_3(x_1,x_2),... ,f_n(x_1,x_2))$.) Of course, any regular surface can be locally given in such a form.
All of this is explained, in particular, in the first chapter of Oseerman's "A Survey of Minimal Surfaces".
This terminology is indeed potentially confusing, but I believe it stems from the fact that the methods of study of such non-parametric surfaces focus more on the function $f$, and thus are different from the methods employed in the parametric case.