Has dreams and praises interpretation (7)
I believe the answer is:
aspires
'has dreams' is the definition.
(I've seen this in another clue)
'praises interpretation' is the wordplay.
'interpretation' indicates an anagram (I've seen this in other clues).
'praises' with letters rearranged gives 'ASPIRES'.
'and' is the link.
(Other definitions for aspires that I've seen before include "Aims to rise" , "dreams" , "Has an ambitious plan" , "aims high" , "Has ambition to" .)