A domain is an easy-to-use and distinctive website address that you will be able to obtain for your site. It routes a numeric IP address that is used to identify sites and units on the World Wide Web yet it is much easier to remember or distribute. Each domain contains two parts - the actual name that you choose plus its extension. For example, in domain.com, “domain” is referred to as Second-Level Domain and it is the part you are able to choose, and “.com” is the extension, that is referred to as Top-Level Domain (TLD). You'll be able to obtain a new domain via any licensed registrar company or relocate an existing one between registrars in case the extension supports this function. Such a transfer does not change the ownership of your domain; the only thing that changes is where you're able to handle the domain name. The vast majority of the domain extensions are free for registration by any kind of entity, but various country-code extensions have specific requirements for example local presence or a valid company registration.