This is one of those cases where the devil is in the details, and there is a variety of notions hereabouts of different strengths. Can I suggest two resources, both freely available online?
Giorgi Japaridze and Dick de Jongh's contribution to the _Handbook of Proof Theory_ deals with 'Notions of interpretability' in their §11, starting at p. 500: <
For category theoretic considerations, see Albert Visser's 'Categories of theories and interpretations' available at <