Definition, Meaning & Synonyms

transferor

noun

/trænsˈfɔr.ər/

Definition

A transferor is a person or entity that transfers rights or property to another, known as the transferee.

Examples

The transferor signed the contract to officially hand over the property.
As a transferor, you must disclose any known defects in the property being sold.
In a lease agreement, the transferor retains certain rights while transferring possession to the tenant.

Meaning

In legal terms, a transferor is someone who gives up ownership or control over an asset, and the act of transferring can involve anything from real estate to intellectual property.