The most common and most likely answer to this crossword clue is the 9 letter word HALF-TIME
I've seen this crossword clue in Financial Times
H
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Buddy explains!
The straight part
We know that "Interval" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case interval = half-time.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does HALF-TIME mean?
HALF-TIME noun- The interval between the two halves of a sports match.
- The time taken for a physical quantity to halve the difference between its present value and its final value.