Meaning ofinterpleaderin English

Noun

1. a process to resolve rival claims; through court determination
   The court initiated an interpleader to settle the conflicting demands.
2. a third party entering a lawsuit; due to interest in outcome
   A bank may file an interpleader when multiple parties claim ownership of an account.
3. a party making an interplea; intervening in a lawsuit
   The role of an interpleader is to intervene in a lawsuit to protect its own interests.