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Transferor Meaning: Definition, Examples, and Translations

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transferor

[หˆtrรฆnsfษ™rษ™r ]

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?

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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 companyโ€™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?

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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.

Translations

To see the translation, please select a language from the options available.

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.

Origin of 'transferor'

The term 'transferor' originated from the word 'transfer', which dates back to the late Middle English period. It is derived from the Latin word 'transferre', which means 'to carry across'. The concept of transferring property or rights has been a fundamental aspect of legal and financial transactions throughout history.

See also: transfer, transferable, transference, transferences, transferring, transfers.

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.