A domain name is an easy-to-use and distinctive web address which you can obtain for your site. It maps a numeric IP address that is applied to find web sites and units on the Web and it is easier to remember or share. Every domain incorporates two different parts - the actual name that you select as well as the extension. For example, in domain.com, “domain” is termed Second-Level Domain and it's the part you can choose, whereas “.com” is the extension, which is also identified as Top-Level Domain (TLD). You will be able to acquire a new domain through any licensed registrar company or relocate an existing one between registrars when the extension supports this function. This kind of a transfer does not change the ownership of a domain name; the one thing that changes is where you can handle that domain. Almost all domain extensions are free for registration by all entities, however a large number of country-code extensions have specific prerequisites like local presence or an active business registration.