What Does the Word Interpled Mean?

intransitive verb. : to go to trial with each other in order to determine a right on which the action of a third party depends.

Is Interpled a word?

verb (used without object), in·ter·plead·ed, in·ter·plead·ing. Law. to litigate with each other in order to determine which of two parties is the rightful claimant against a third party.

What does Interpleader mean in legal terms?

A way for a holder of property to initiate a suit between two or more claimants to the property.