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 'stake a claim' to 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.
Most Internet Service Providers (ISP's) offer you a directory on
their own domain.
Most of the time, they look like this: http://www.internetserviceprovider.com/~yourname
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