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The first step in building a web site is registering a domain name. Whether you register your name with a registrar or your web host (who will register your domain name through a registrar for you) is merely a matter of convenience and preference. When a name is registered you are purchasing the right to the use of that name for the agreed amount of years at registration, usually 1-10 years. No one else may use that name with your specified extension (.com, .net) until you either let the name expire or you sell it to someone else.

Previous Web Hosting Term: Domain Name
Next Web Hosting Term: Domain Name System (DNS)