Definitions

1. verb

to intervene in a lawsuit by claiming a right to the proceeds or assets of a judgment, typically by filing a third-party complaint.

“The creditor chose to interplead in the bankruptcy case to ensure they received their due share of the assets.”

2. noun

a third-party complaint filed in a lawsuit to claim a right to the proceeds or assets of a judgment.

“The interplead was dismissed due to lack of evidence to support the claim.”