Chamaedorea elegans
Native range: Southern Mexico, Guatelmala
Known names: Parlor Palm, Bamboo Palm, Goodluck Palm
Hardiness: Keep above 50°F
Mature Size: ~7' Tall, 5' Wide (But very slow growing, especially indoors)
Light: Medium-Bright but indirect light., Several hours of morning sun works. 
Water: Keep soil evenly moist but not soggy. It is hard for palms to recover from drying out.
Soil: Standard potting soil
Dormancy Period: Palms genenerally do not go dormant, they just slow down.
Pet-Safe: Yes
Plant Size: Growing in a 2" pot, shipped with pot. 
 
This is one of the most popular indoor plam due to the fact that they can adapt to indoor enviornment. They can be planted outside if the weather remains above 55°F in the region. They are generally grown in clusters but can be replanted individually to speed up growthrate; even though they are genenrally slow-growers.