Definitions
In plain terms
Linear interpolation draws a straight-line estimate between two endpoints, but using a future endpoint can make it unsuitable for live causal decisions.
Technical
Interpolation requires an ordered coordinate, endpoint eligibility, method, extrapolation rule, gap limit, grouping, and knowledge-time policy.
Scope
An interpolated market value is an estimate, not an executed or directly quoted price.
Examples
- A governed dataset records interpolation explicitly and preserves the source context needed to interpret it.
Common misconceptions
- Interpolation does not have one universal meaning or policy without its declared source, scope, and data contract.
Concept relationships
Where this concept is used
Evidence and governance
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: preferred label, short definition, technical definition
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published