interpleader(redirected from Concursus)
Also found in: Legal, Financial.
A lawsuit brought on behalf of a third party to determine which of two parties is entitled to property held by the third party.
[Anglo-Norman enterpleder, to interplead, interpleader; see interplead.]
1. (Law) 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. (Law) a person who interpleads
in•ter•plead•er1(ˌɪn tərˈpli dər)
a legal proceeding to determine which of two parties has the more valid claim against a third party.
[1510–20; variant of enterpleder < Anglo-French (infinitive used as n.); see -er3]
in•ter•plead•er2(ˌɪn tərˈpli dər)
a party who interpleads.