1. legal proceedings in which a party holding property claimed by two or more other parties asks the court to determine the rightful owner
Usage: legal term; plural form

Examples

• The insurance company filed interpleaders to determine which beneficiary should receive the policy proceeds.
• Multiple interpleaders were necessary when several parties claimed ownership of the estate assets.
• The bank initiated interpleaders after receiving conflicting claims to the account funds.
• Courts use interpleaders to resolve disputes when a neutral party holds contested property.
• The attorney recommended interpleaders to avoid liability for distributing funds to the wrong claimant.
• Interpleaders protect stakeholders from multiple lawsuits over the same property.