interplead

Definitions of "interplead"
  1. The act of introducing adverse claimants to court by using an interpleader procedure
  2. The process of adversarial claimants going to trial against each other in order to resolve disputes over property or obligations that are held by a third party, which could be an insurance company
How to use "interplead" in a sentence
  1. The insurance company had to interplead to resolve the differing claims from the accident victims.
  2. When two parties both alleged ownership of the same property, the rightful owner used interplead to reach a settlement.
  3. Due to disputed claims over the proceeds of a life insurance policy, the insurer needed to interplead.

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