1. a legal proceeding in which a person holding property claimed by two or more parties deposits it with the court and asks the court to determine the rightful owner
Usage: legal

Examples

• The insurance company filed an interpleader action when both the ex-wife and current wife claimed the life insurance benefits.
• The bank initiated an interpleader proceeding to determine who had rightful claim to the disputed account funds.
• Through interpleader, the stakeholder can avoid multiple lawsuits over the same property.
• The court accepted the interpleader and ordered all claimants to present their cases.
• An interpleader allows the holder of disputed funds to deposit them with the court and withdraw from the conflict.