Meaning & use
transferor
Last updated
Meanings
nouncountablelegaltechnical
A person or organization that hands over property, a right or an interest to someone else.
Grammar: Countable; contrast the transferor (giver) with the transferee (receiver).
Patterns
- the transferor of something
- the transferor to someone
The transferor signed the deed to give the land to her daughter.
Before the sale closes, the transferor must show clear ownership of the shares.
The contract names the company as transferor and the buyer as transferee.
nouncountablefinancetechnical
In tax and finance, the person or entity that moves assets, money or a policy to another party.
Grammar: Appears in contracts, tax rules and property documents.
Patterns
- act as transferor
The transferor remains liable for any tax due on the gift.
As transferor of the account, he had to approve the change in writing.
Word forms
| plural | transferors |
|---|
Common combinations
- transferor and transferee
- The agreement binds both the transferor and the transferee.
- the transferor's consent
- The transfer needs the transferor's consent.
- named as transferor
- She is named as transferor in the document.
- the original transferor
- The original transferor still holds some rights.
Synonyms and how they differ
- assignor
- This is used when rights or contracts are assigned and is the closest legal alternative, while 'transferor' covers any kind of property.
- grantor
- This stresses that something is given by a formal grant, such as land or a trust.
- seller
- This implies payment, while a transferor may give something away for free.
Opposites
Word family
- transferee noun
- the person who receives the transfer
- transfer verb
- to move or hand something over
- transfer noun
- the act of moving something to another person or place
- transferable adjective
- able to be handed over to someone else
- transference noun
- the act of transferring, often in psychology
Commonly confused: transferor or transferee?
transferor vs transferee
The transferee is the receiver and the transferor is the giver; remember -or for the one who acts and -ee for the one who receives.
Practice
In a property deed, the person who gives up ownership is the ____.
Choose one answer.
The transferor hands over the property. The transferee is the one who receives it, which is the tempting wrong answer.
Make it your own
Write a sentence using “transferor”, then check it and compare it with the examples above.