DomainNamePro

[domaingenius]

This is something i should know but dont. On DomainNamePro
there are 2 columns, 1 is Registrar Expiry and the other is Registry
expiry. Could someone PLEASE explain exactly what both mean ?.
I am guessing that Registrar is when it effectively expires as far
as owner is concerned and the date in Registry is when it expires
at ,the Registry (like verisign etc) ,but just guessing.

Thanks