$\newcommand{\Reals}{\mathbf{R}}$In some settings, a vector in $\Reals^{n}$ comprises both a "tail" or "location" $p$ in $\Reals^{n}$, and a "displacement" $v$ in $\Reals^{n}$. The ordered pair $(p, v)$ is usually depicted as an arrow from $p$ to $p + v$.
If this is the setting of your question, the vectors $(p_{1}, v_{1})$ and $(p_{2}, v_{2})$ are:
Parallel if $v_{1}$ and $v_{2}$ are proportional, i.e., if there exist scalars $k_{1}$ and $k_{2}$, not both zero, such that $k_{1} v_{1} + k_{2} v_{2} = \mathbf{0}$.
Collinear if they are parallel and in addition each displacement is proportional to the displacement $p_{2} - p_{1}$ between the vectors' locations, i.e., the arrows representing the two vector lie on a line in $\Reals^{n}$.
In the diagram, all the vectors are (mutually) parallel, but not all are collinear. The blue vectors, for example, are mutually collinear, all lying along the dashed line.
