interpleader

¹ American  

[in-ter-plee-der] / ˌɪn tərˈpli dər /

noun

Law.

1. a party who interpleads.

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interpleader ² American  

[in-ter-plee-der] / ˌɪn tərˈpli dər /

noun

Law.

1. a judicial proceeding by which, when two parties make the same claim against a third party, the rightful claimant is determined.

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interpleader British  

/ ˌɪntəˈpliːdə /

noun

1. a process by which a person holding money or property claimed by two or more parties and having no interest in it himself can require the claimants to litigate with each other to determine the issue

2. a person who interpleads

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Etymology

Origin of interpleader¹

First recorded in 1840–50; interplead + -er ¹

Origin of interpleader¹

1510–20; variant of enterpleder < Anglo-French (infinitive used as noun)

Example Sentences

My brother contested this distribution and this has now become an interpleader case.

From MarketWatch

An interpleader does not change rollover eligibility.

From MarketWatch

If you do find legal help, file a motion in the interpleader case affirming the designations and requesting prompt partial distribution.

From MarketWatch

Heasley was not awarded the prize money, and organizers are asking a federal judge to grant an "order of interpleader," which would allow them to redistribute the $2.8-million prize among 13 competitors who won other categories.

From Los Angeles Times

Competing claims as to the ownership of the goods seized are brought before the courts by the procedure of “interpleader.”

From Project Gutenberg