A Domain Name is what’s referred to as the location address of a given website and/or email address. It consists of an identification string that defines a realm of administrative autonomy, authority or control within the Internet.
Any name registered in the Domain Name System (DNS) is classed as a domain name. So, therefore, a domain name represents an Internet Protocol (IP) resource. Such as a personal computer used to access the Internet, a server computer hosting a website. Or the website itself or any other service communicated via the Internet.
The registration of Domain Names is administered by companies known as Domain Name Registrars, and it’s these companies who sell their services to the public.
Need to Sort a Website Domain Name
Registration of a Domain Name for Websites becomes effective upon the payment of a fee for a fixed time period. Such time would a minimum a year rising in yearly increments to an average of Ten years. Once nearing the end of the fixed period they can be renewed at an extra cost.
The cost of most Domain Names will differ depending on which registrar is used to registered the domain name. As well as which Domain Extention being purchased i.e. .com – .co.uk, and so on.
At no point does any payments made for such domains, actually, provide rights of outright ownership. To elevate confusion and avoid any miss understanding it may be better to look at it, that you’re renting the domain name rather than owning it outright. As failing to keep renewing the domain will mean your entitlement to its use will expire and it would then become available for anyone else to register in their name instead.
A person or company is entitled to resell the domain so long as it’s within the period of time for which a registration fee has ben paid.