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Meaning of interpleader

in•ter•plead•er

Pronunciation: (in"tur-plē'dur), [key]
— n. Law.
  1. a judicial proceeding by which, when two parties make the same claim against a third party, the rightful claimant is determined.

in•ter•plead•er

Pronunciation: (in"tur-plē'dur), [key]
— n. Law.
  1. a party who interpleads.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.