interpleader
/ˌɪntərˈpliːdər/
noun
- A legal proceeding in which a person holding money or property asks a court to decide who among multiple claimants is entitled to it.
- The lawyer explained that an interpleader protects the holder from being sued by both claimants.
- The bank filed an interpleader to determine which of the two heirs should receive the funds.
- In an interpleader, the stakeholder deposits the disputed property with the court.