If I download a movie to Itunes and then upload it to my computer, does a copy of the movie stay in my itunes library?

As you can tell from the title of my post, I don't know much at all about itunes or apple products in general.  I am in the market for an ipad2 and would like to download movies from itunes to the ipad2.  However, I have been told that even the 64gb ipad2 can only hold a handful of movies.  In light thereof, I wanted to know if I download 5 movies to the ipad2 and then delete those 5 movies to make room for other things, will those 5 movies remain in my itunes library so I can upload them at a later time (again) to the ipad2?  Or, will I lose the movies forever?
I apologize in advance if this is a ridiculous question.
Thank you.

They will remain in iTunes unless they are rented movies from the iTunes Store.
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