1. to commence interpleader proceedings in court when multiple parties claim the same property or debt
Usage: legal

Examples

• The insurance company interpleads when multiple beneficiaries claim the same policy proceeds.
• The bank interpleads to determine the rightful owner of the disputed account funds.
• When faced with conflicting ownership claims, the stakeholder interpleads to avoid liability.
• The court allows the defendant to interplead other potential claimants.
• The trustee interpleads to resolve competing claims to the estate assets.