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# You pay a company to register a domain name for you
and it has to be renewed every year, or you can pay for a few years in advance.

Provided you renew it in time, it is yours until you decide you don't want it any more. If you let it lapse, then anyone else can register it (although any popular domains that have lapsed tend to be scooped up by random advertisers)
(, Tue 6 Nov 2007, 15:57, archived)