Many registrars reserve the right to revoke your domain name for specific reasons, typically if you use the domain for illegal purposes or purposes deemed unacceptable (such as spamming). Many contracts contain a clause letting the registrar delete your domain name for no apparent reason. The implication, of course, is that the domain name is the registrar's, not yours.
FatCow has one of the cheapest offers for an entire website package, with hosting and domain names for just thirty cents during your first month. After, that the price is $10.99 a month or $59.88 for the whole year, in a shared hosting package with enough bandwidth for most people. This is a limited promotion I found, but they still sell fairly well-priced packages (their "fat" options come with extras like marketing and advertising credits), and will gladly offer you perks for transferring your domains and hosting to them.
DNS is essentially a database of IP addresses.  Each IP address is a series of numbers that allow computers to communicate with each other. A website is identified on a server by its IP address. Instead of your visitors having to remember an IP address to type into their browser to access your site, they instead use your domain name. When your domain is entered into their browser, DNS translates it into an IP address because that is what computers understand.Your computer is able to connect to your web hosting and show your website on the browser once the IP address is found.
Administrative contact. A registrant usually designates an administrative contact to manage the domain name. The administrative contact usually has the highest level of control over a domain. Management functions delegated to the administrative contacts may include management of all business information, such as name of record, postal address, and contact information of the official registrant of the domain and the obligation to conform to the requirements of the domain registry in order to retain the right to use a domain name. Furthermore, the administrative contact installs additional contact information for technical and billing functions.
If you ever change your web host (the actual physical location of your website files), your domain name goes with you. Your regular visitors or customers who knew your site name as (say) www.thesitewizard.com would not have to be informed about a change of web address (also known as "URL"), since as far as they are concerned, the site is still at the same place. They would simply type your domain name and they'd be transparently brought to your new location.
Administrative contact. A registrant usually designates an administrative contact to manage the domain name. The administrative contact usually has the highest level of control over a domain. Management functions delegated to the administrative contacts may include management of all business information, such as name of record, postal address, and contact information of the official registrant of the domain and the obligation to conform to the requirements of the domain registry in order to retain the right to use a domain name. Furthermore, the administrative contact installs additional contact information for technical and billing functions.
Hostt is a just-launched free web hosting company that includes domain name purchasing and registration. They've a suite of offerings, such as one where you'll pay $13.99 per year for domain names with extensions that include .com, .net, .org, .us, .biz, and .info., but have unlimited bandwidth, web space, sub-domains, parked domains, sub-domains and email accounts, among other things. Like HostGator, they include domain locking and automatic renewal, along with a user-friendly management portal (which, believe me, is pretty rare) and 24/7 technical support. This isn't a bad price considering the amount you get, and their $3.95 and $5.95 a month packages both offer fairly balanced domain-inclusive packages.

After you click on the link above, enter your existing domain name in the search box and click the transfer button. Once you complete the sign up, you'll receive complete instructions on how to finish the DNS transfer, including how to point your existing domain to your Netfirms website. (Please note: With a DNS transfer, your billing and domain name management remain with your current registrar.)
Premium domains (also known as aftermarket or pre-registered domains) are short domains, often just one word or even just 3-5 letters. Most of them have a .com extension but many premium domains end with .org, .net, and .biz. These domains include common words and are generally the most memorable. Because companies value short domains that match their company name or products, these domains are typically the most desirable. Additionally, certain domains sold by different registries are considered premium and therefore have a higher price point. In some cases, the renewal costs of these higher-priced domains are also quite expensive. Some high-priced premium domains, though, renew at a regular (lower cost) rate, giving you a better value in the long term. Make sure to research the overall cost of the domain plus renewal to find the right domain for your budget. You can browse Namecheap's premium domains in our Marketplace.
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