what is the meaning of TRANSFERS domain

rateme

hi i am new here and i would like to know what is the meaning of transfers domain.. what it's do? and why it cost money..
sorry if the qustion is stupid because i am new in this stuff Rolling Eyes

thanks

standready

transfer domain - is the process of moving your domain name (i.e. yoursite.com) from one registar (i.e. godaddy.com) to another. In most cases the cost of transfer includes one year registration.