Interpleader Definition

ĭntər-plēdər
noun
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.
Webster's New World
An action by the neutral custodian of property to determine its proper owner.
Webster's New World Law
One who brings such a suit.
Webster's New World Law

(law) One who makes an interplea.

Wiktionary

Other Word Forms of Interpleader

Noun

Singular:
interpleader
Plural:
interpleaders

Origin of Interpleader

  • Anglo-Norman enterpleder to interplead, interpleader interplead

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

  • interplead +‎ -er

    From Wiktionary

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