A more thorough explanation:

A transferor is a person who transfers or conveys an interest in property to another person. This means that the transferor gives up their ownership or rights to the property and passes them on to someone else.

For example, if John sells his car to Jane, John is the transferor because he is giving up his ownership of the car and transferring it to Jane. Another example is if a landlord transfers ownership of a rental property to a new owner, the landlord is the transferor.

Overall, a transferor is someone who gives up their ownership or rights to property and transfers them to another person.