A web service is a collection of open protocols and standards used for exchanging data between applications or systems. Software applications written in various programming languages and running on various platforms can use web services to exchange data over computer networks like the Internet in a manner similar to inter-process communication on a single computer. This interoperability (e.g., between Java and Python, or Windows and Linux applications) is due to the use of open standards (XML, SOAP, HTTP).
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Domain names are often seen in analogy to real estate in that domain names are foundations on which a website can be built, and the highest quality domain names, like sought-after real estate, tend to carry significant value, usually due to their online brand-building potential, use in advertising, search engine optimization, and many other criteria.
1 : any of the three-dimensional subunits of a protein that together make up its tertiary structure, that are formed by folding its linear peptide chain, and that are variously considered to be the basic units of protein structure, function, and evolution immunoglobulin light chains have two domains and heavy chains have four or five domains, depending on class — Journal of the American Medical Association 

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