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What is a domain name? - Webmasters Support for Cheap Web Hosting
A domain name is an identification lable that defines you from everone else.
There are two parts to a domain name:
1: The domain name itself
2: And the TLD (Top Level Domain) extension

The most common TLD is the .COM extension. It is mostly used for online businesses but due to its popularity, it may be hard to get as most people that buy a domain name, never let it go.