"Registration" of a domain name is basically you claiming a domain name as your own. It gets this name from the fact that there are central "registries" that provides all of the computers on the internet with the information necessary (IP addresses, DNS information, etc.) to find your web site or send you e-mail when they enter your domain name in their web browser or e-mail program.
In order to complete a registration you will be required to provide certain contact and technical information and agree to certain terms under which registrations are accepted and maintained. The information you give is publicly available but it is possible to register in the name of a third party who is willing to accept responsibility.
Registrations are for a period of one to ten years (typically, however there are exceptions). "Registrars" are the companies that collect and manage this information. After the initial registration period (60 days) it is possible to transfer your registration to a different registrar.
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