Business terms and jargon explained. Your business dictionary

What is Interpleader

Legalese Explained: Legal term: A claim by a third party to ownership of goods levied upon under a warrant of execution which is disputed by a creditor. The Court then issues an interpleader summons for the parties to attend Court to adjudicate on rightful ownership.

Crown Copyright. Material taken from Her Majesty's Courts Service (HMCS) website . Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2013-07-02 09:22:49

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