What Is Interpretation?

I know interpretation plays a significant role in your approach to value. Could you just flesh that out a bit? It's not obvious why interpretation is involved at all here. You have to start with some kind of what interpretation is, to put it in a very crude and summery way. We interpret something when we make the best of it. To interpret them is to try and find a conception, an understanding of what each is,. which best justifies the action that we take these terms to license.