FindLaw Legal Dictionary
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1 : a person holding property or owing an obligation that is claimed by two or more adverse claimants and who has no claim to or interest in the property or obligation [the can interplead the claimants]
2 : a person having an interest or share in a commercial undertaking
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.