Will (anonymous) Will selected answer

On the FAQs page it states

“Keep in mind most web builders out there don’t even give you ownership of your site after you have built it. As long as you stay with one of our Official Hosts for one year, you own your site.”

Further down the FAQs page,

“Yes, sites you make using BoldGrid and WordPress are your sites.”

So when I pay money to create an account with BoldGrid do I own the domain name?  And do I own it now or one year from now?