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Domain Name Registration Systems

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DEFINITION: Domain tasting is the practice of purchasing numerous available domain names and then exploiting a five-day grace period to determine which names would be profitable to own. The usual intent is to resell domain names likely to command high prices, although there are a number of ways that domain tasters (sometimes called "domainers") make money from the practice.As of March 2008, the cost  … 
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DOMAIN NAME REGISTRATION SYSTEMS DEFINITION (continued): …  to register a domain name is less than $10. Moreover, the registrant has five days, the add grace period (AGP), during which any money paid is refundable. Even a minimal transaction cost is waived. The AGP was originally intended to allow legitimate purchasers to return names registered in error (with a typo, for example) at a time when the cost per domain was considerably higher. Domain tasters make money from the practice in a number of ways besides selling profitable domain names. In some cases, they repeatedly register and unregister domain names, in effect obtaining the use of the name for … 
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