It seems the term is not terribly useful even on its own terms... it is not as well defined as everyone thinks.
Ultimately, "compiler" isn't a bright shining line either... I can take anything and shade it down to the point where you might not be sure ("is that a 'compiler' or an 'interpreter'?"), but the "transpiler" term is trying to draw a line where there isn't even a seam in the landscape.