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Knowledge Base:  Domains - Overview:  The Definition of a Domain Name
Details:
A domain name is essentially a signpost on the Internet. Every Web site you've 
ever been to, and every e-mail you've ever composed, has used a domain name 
in its address. People register domain names in order to claim a particular name -
 whether for business or personal reasons. 

Once a domain name is registered to a person or company, it is that person's to 
use exclusively as long as they continue to pay the yearly renewal fee. You may 
register domain names at http://www.infoservemedia.com/domains/
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