Your domain name is your website's address. Usually a web address starts with www, and it ends in .uk, .net, .org, or .com. Domains names are registered by authorized parties . Registration fees are due on a yearly basis.
Solin registers your domain name for a one time fee. Other costs are the yearly registration fees. The penalty for an unpaid yearly fee, not imposed by Solin but by the official registration party, is the cancellation of the domain name registration.
Solin is your contact for the administration and registration of your domain name, but your are the owner. We always register the domain name in your (organization's) name.