A domain name is an easy-to-remember and distinctive web address which you're able to acquire for your website. It routes a numeric IP address that is used to identify web sites and / or units on the Internet and it is quite easy to remember or share. Every domain consists of 2 parts - the name that you choose plus its extension. For instance, in domain.com, “domain” is called Second-Level Domain and it's the part you can choose, while “.com” is the extension, that is also known as Top-Level Domain (TLD). You can acquire a brand new domain name via any accredited registrar organization or relocate an existing one between registrars in case the extension supports this function. Such a transfer doesn't change the ownership of your domain; the thing that changes is the place where you can take care of the domain name. Most of the domain extensions are open for registration by all entities, but a number of country-code extensions have specific conditions like regional presence or a valid business registration.