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hyperbola (n.)

curve formed by the intersection of a plane with a double cone, 1660s, from Latinized form of Greek hyperbole "extravagance," literally "a throwing beyond (others);" see hyperbole, which in English is the same word in its Greek garb. Perhaps so called because the inclination of the plane to the base of the cone exceeds that of the side of the cone.

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Definitions of hyperbola from WordNet

hyperbola (n.)
an open curve formed by a plane that cuts the base of a right circular cone;
From wordnet.princeton.edu