A domain name is an easy-to-remember and distinctive web address that you can acquire for your site. It designates a numeric IP address that is used to distinguish web sites and devices on the Web but it's easier to remember or distribute. Every domain consists of two different parts - the specific name that you select as well as its extension. For example, in domain.com, “domain” is termed Second-Level Domain and it is the part you will be able to select, while “.com” is the extension, which is referred to as Top-Level Domain (TLD). You'll be able to register a new domain through any certified registrar company or transfer an active one between registrars when the extension allows this function. Such a transfer doesn't change the possession of your domain; the sole thing that changes is the place where you're able to take care of the domain name. Most domain extensions are available for registration by all entities, however a variety of country-code extensions have specific requirements like local presence or a valid business registration.