The type of bonding that involves the transfer of electrons is referred to as ionic bonding. In this process, one atom donates one or more of its electrons to another atom, resulting in the formation of positively and negatively charged ions. These oppositely charged ions are then attracted to each other, creating a stable ionic compound. Ionic bonding commonly occurs between elements found on opposite sides of the periodic table, such as metals and nonmetals, leading to compounds like sodium chloride (table salt).