1. to commence a legal proceeding in which a party holding property claimed by two or more other parties asks the court to determine the rightful owner
Usage: legal

Examples

• The bank decided to interplead when both parties claimed ownership of the account.
• The insurance company will interplead to determine which beneficiary should receive the payout.
• Rather than risk paying the wrong party, the stakeholder chose to interplead.
• The court allowed the defendant to interplead the competing claimants.
• When multiple heirs disputed the inheritance, the executor moved to interplead.
• The title company will interplead if there are conflicting ownership claims.