A domain name is a user-friendly and unique web address that you will be able to obtain for your site. It designates a numeric IP address that is used to identify web sites and devices on the World Wide Web and it's much easier to remember or share. Every single domain includes two different parts - the actual name that you choose as well as its extension. For example, in domain.com, “domain” is termed Second-Level Domain and it's the part you are able to choose, while “.com” is the extension, which is also known as Top-Level Domain (TLD). You'll be able to purchase a new domain through any accredited registrar company or relocate an active one between registrars in case the extension can support this function. This type of a transfer doesn't change the ownership of your domain name; the thing that changes is the place where you can handle the domain. Most of the domain name extensions are open for registration by every entity, yet various country-code extensions have specific conditions such as local presence or an active business registration.