Interpleader meaning

ĭntər-plēdər
A legal procedure by which two or more parties claiming the same money or property may be compelled to resolve the dispute among themselves in a single action rather than proceeding individually against the party holding the disputed money or property.
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A lawsuit brought on behalf of a third party to determine which of two parties is entitled to property held by the third party.
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An action by the neutral custodian of property to determine its proper owner.
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One who brings such a suit.
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(law) One who makes an interplea.
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(law) Motion for a third party to enter into a lawsuit in process because a matter is being adjudicated in which they have an interest.
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(law) Process by which a third party asks a court to determine which of two rival claims is to be honored by the third party.
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Origin of interpleader

  • Anglo-Norman enterpleder to interplead, interpleader interplead

    From American Heritage Dictionary of the English Language, 5th Edition

  • interplead +‎ -er

    From Wiktionary