Transferor: meaning, definitions and examples

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transferor

[ˈtrænsfərər ]

Definitions

^{Context #1 | Noun}

legal term

A person or entity that transfers property or rights to another.

Synonyms

assignor, conveyor, grantor.

Which Synonym Should You Choose?

Word	Description / Examples
transferor	Used in legal and business contexts to describe a person or entity that transfers property, rights, or interests to another. The transferor must sign the deed in order to complete the property transfer. In the purchase agreement, both the transferor and transferee are clearly defined.
grantor	Mostly used in legal and real estate contexts to describe a person who grants property or rights to another, often in the context of creating a trust or transferring property ownership. The grantor of the trust retains control over the assets until their death. As the grantor of the property, she had to ensure all paperwork was completed for the deed transfer.
conveyor	Primarily used in mechanical or industrial contexts to describe a person or machine that carries or transmits objects or materials from one place to another. The conveyor belt stopped working, causing a delay in the production line. He is the conveyor of the company’s vision to its employees and stakeholders.
assignor	Typically used in legal contexts to define an individual or entity that assigns rights or interests to another party. The assignor of the patent rights must provide a written agreement to the assignee. According to the contract, the assignor is responsible for the performance of the obligated tasks until the assignment is complete.

Examples of usage

The transferor signed the deed over to the new owner.
The transferor must provide documentation of the transfer.

^{Context #2 | Noun}

finance

An individual or organization that transfers funds from one account to another.

Synonyms

payer, remitter, sender.

Which Synonym Should You Choose?

Word	Description / Examples
transferor	Used in formal or legal contexts when referring to someone who transfers a property, right, or interest to another party. The transferor must sign the deed before the transfer can be completed. In this agreement, the transferor agrees to sell their shares to the buyer.
sender	A general term used to describe someone who sends something, such as a message, package, or money. The sender didn't include a return address on the package. The sender of the email forgot to attach the file.
payer	Used when referring to the person or entity that makes a payment, typically in financial or business contexts. The payer should ensure all invoices are settled by the due date. As the payer, you are responsible for any additional charges incurred.
remitter	Used often in the context of sending money or funds, especially in banking and financial transactions. The remitter must include their account number on the wire transfer form. The remitter can track the transaction status through their online banking portal.

Examples of usage

The transferor initiated the transfer of funds to the recipient.
The transferor must verify the recipient's account details.

Interesting Facts

Legal Context

In law, a transferor is often involved in contracts, meaning they hand over rights or properties.
In real estate, a transferor might sell a piece of land to another person, making them the new owner.
Transferors have specific rights and responsibilities outlined in legal documents to protect both parties.

Finance

In banking, a transferor could refer to someone moving funds from one account to another.
Securities transactions often involve transferors, especially when stocks and bonds change hands.
Understanding who the transferor is can clarify ownership during financial audits.

Education and Research

In academic settings, a transferor might transfer knowledge or skills from one person to another during mentorship.
Research projects often require transferors to share findings with broader communities via publications.
The role of a transferor is crucial in knowledge management practices within organizations.

Cultural Impact

With advancements in technology, digital transferors are now common; think of people who share files online.
Music and art can also have transferors in the form of artists who share their work with audiences, influencing cultures.
Cultural practices often spread through transferors who introduce new ideas, food, and traditions from one community to another.

Translations

Translations of the word "transferor" in other languages:

🇵🇹 cedente

🇮🇳 हस्तांतरक

🇩🇪 Überträger

🇮🇩 pengalih

🇺🇦 передавач

🇵🇱 przekazujący

🇯🇵 譲渡人

🇫🇷 cédant

🇪🇸 cedente

🇹🇷 devreden

🇰🇷 양도인

🇸🇦 الناقل

🇨🇿 převodce

🇸🇰 prevodca

🇨🇳 转让人

🇸🇮 prenosnik

🇮🇸 framseljandi

🇰🇿 беруші

🇬🇪 გადამცემელი

🇦🇿 transfer edən

🇲🇽 cedente

Word Frequency Rank

At position #13,797, this word is part of sophisticated English vocabulary. It's useful for academic or professional contexts where precise language is needed.

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13794 residency
13795 magnetite
13796 copyrighted
13797 transferor
13798 concealing
13799 protruding
13800 flutter
...