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

1. present participle of interplead: to initiate an interpleader action in court
Usage: legal

Examples

• The insurance company filed an interpleading action when multiple beneficiaries claimed the same policy.
• The bank is interpleading to determine who has rightful claim to the disputed account.
• Interpleading protects stakeholders from multiple lawsuits over the same property.
• The court accepted the interpleading petition and ordered all claimants to appear.
• By interpleading, the company avoided liability while the ownership dispute was resolved.
• The lawyer recommended interpleading as the safest course of action.