interpleader

noun (1)

in·ter·plead·er | \ ˌin-tər-ˈplē-dər

Definition of interpleader

(Entry 1 of 2)

: a proceeding to enable a person to compel parties making the same claim against him to litigate the matter between themselves

interpleader

noun (2)

Definition of interpleader (Entry 2 of 2)

: one that interpleads

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The first known use of interpleader was in 1567

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interpleader

noun

in·ter·plead·er | \ ˌin-tər-ˈplē-dər

Legal Definition of interpleader

(Entry 1 of 2)

: a proceeding by which a person compels parties making the same claim against him or her to litigate the matter between themselves — see also bill in the nature of interpleader and bill of interpleader at bill sense 3a — compare counterclaim, cross-claim, impleader, intervention, joinder

Note: When an interpleader is initiated, the person holding the property or owing the obligation that is the subject of the adverse claims usually must deposit the property or post a bond with the court.