The Collaborative International Dictionary of English v.0.48:

lovebird \lovebird\ n.
   A small Australian parakeet (Melopsittacus undulatus)
   usually light green with black and yellow markings in the
   wild but bred in many colors; also called the budgie.

   Syn: budgerigar, budgereegah, budgerygah, budgie, grass
        parakeet, shell parakeet, Melopsittacus undulatus.
        [WordNet 1.5]

   2. small African parrot noted for showing affection for their
      mates.
      [WordNet 1.5]

The Collaborative International Dictionary of English v.0.48:

budgie \budg"ie\ n.
   small Australian parakeet (Melopsittacus undulatus) usually
   light green with black and yellow markings in the wild but
   bred in many colors.

   Syn: budgerigar, budgereegah, budgerygah, grass parakeet,
        lovebird, shell parakeet.
        [WordNet 1.5]