Domains Status: TRANSFER PROHIBITED What does it mean?

I own a few domains but if I check WHOIS information it shows following bit ...

Status:CLIENT TRANSFER PROHIBITED
Status:TRANSFER PROHIBITED

can some educate what does it actually mean?

I bought domains for selling them later .. but not sure if this would allow me to transfer / sell them at any stage.

please guide.

Thanks
GS

 

I think it means you just have to unlock them in your panel at your registrar if you wish to transfer?

 

would that involve any costs? any ideas ?

 

Unlocking your domain is something you control. It's a safety measure to make sure no one initiates a transfer on you. It should be 100% free.

Hope this helps

 

Thanks I feel a lot better now.. .registered about 10 domains and didn't want to get stuck with this ...

Thanks a million,

Cheers
GS

 

Keep them locked until you are ready to transfer them to someone else. This is just a safety feature. Same as locking you door deadbolt at night.