If a domain name is not renewed by its expiry date, it is not immediately deleted, although it does cease to operate. From this point on, it is considered to be "expired". Three days after the expiry date, the nameservers are changed to the Expired Domains nameservers.
Grace Period
During the 40 days following the expiry date (Grace Period) the registrant can reinstate the domain name simply by renewing it. If the registrant renews the domain name during this period, the original nameservers are restored. The cost is the standard renewal rate that is normally charged to renew a domain name.
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