The architecture of Microsoft Internet Explorer allows for multiple instances of the IWebBrowser2 object. For example, a web page with frames may contain a IWebBrowser2 object for each frame window.
The term "top-level" refers to the IWebBrowser2 object that is the parent of all other IWebBrowser2 objects.
Setting this property to True enables the top-level IWebBrowser2 object to participate in frame name resolution. If the user clicks on a hyperlink that specifies a target attribute which is not in the current window, Internet Explorer will search all IWebBrowser2 objects that are registered when attempting to resolve the target name.