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interpleader

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
in·ter·plead·er  (ntr-pldr)
n. Law
A procedure to determine which of two parties making the same claim against a third party is the rightful claimant.

[Anglo-Norman enterpleder, to interplead, interpleader; see interplead.]

interpleader [ˌɪntəˈpliːdə]
n Law
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


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Unicare filed an interpleader in district court to determine whether benefits under a life insurance policy governed by ERISA should be awarded to a decedent's widower or to the decedent's three daughters.
The court began sending out notifications of money owed after a bribery case involving an Encino attorney raised questions about the fund, officially known as the Condemnation and Interpleader Fund.
Unless extended, the cutoff date for interpleader claims would be February 16th.
 
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