Named after Hipparchus - Greek astronomer (unkn-fl. 140 B.C.).
Hipparchus is the degraded remnant of a lunar crater. It is located to the southeast of Sinus Medii, near the center of the visible Moon. To the south is the prominent crater Albategnius, and to the southwest lies Ptolemaeus, a feature of comparable dimensions to Hipparchus. Horrocks lies entirely within the northeast rim of the crater. (wikipedia entry)
A crater is a circular depression likely created by an impact event. On the Moon they are named after deceased scientists, polar explorers, astronauts or cosmonauts.