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+====== Interpretation ======
+[[dido:99_annexes:annex-b-terms-and-definitions:start|Return to Terms and Definitions]]
+===== Discussion =====
+Interpretation applies semantic context, rules, calculations, classifications, models, or reasoning to data. It produces conclusions, derived facts, analytical assertions, validation outcomes, or decisions.
+Interpretation remains distinct from data, structure, and semantics. Data supplies values. Structure governs form. Semantics supplies meaning. Interpretation uses those concerns to determine what follows from the information in a defined context.
+===== Definition =====
+//application of semantic context, rules, calculations, classifications, models, or reasoning to data//
+===== Source =====
+Informed by SIP-RA treatment of interpretation as distinct from data, structure, and semantics; aligned with FDIS-RA separation of evidence, observation, semantic representation, interpretation, validation, and analysis; adapted from FX Demo Reference Architecture material on analytical assertions, ACTUS computation, semantic processing, validation, monitoring, and policy decisions.
+===== Note =====
+Interpretation may produce outputs that later become data for another process. The architecture must preserve the traceability between inputs, interpretive context, rules, versions, and outputs.
+===== Example =====
+Applying ACTUS logic to transaction data to compute projected cash-flow obligations is an interpretation concern.