Definitions for "Interpleader"
A proceeding devised to enable a person, of whom the same debt, duty, or thing is claimed adversely by two or more parties, to compel them to litigate the right or title between themselves, and thereby to relieve himself from the suits which they might otherwise bring against him.
In the United States, a procedure under which an insurance company that cannot determine which claimant is entitled to receive insurance policy proceeds may pay the proceeds to a court and ask the court to decide the proper recipient. See also payment of insurance money into court.
When two or more persons assert a claim to the same thing held by a third party. The third party may compel them to go to trial with each other to arrive at a settlement.
Keywords:  one
One who interpleads.