Interactive searches, interactive reports, and saved searches are all different terms that mean the same thing. They are searches that you create and save to a particular folder so that they can be executed repeatedly.

In AssetWise Director, these searches are saved in the Advanced Search section of the Search tab, either in the My Saved Searches folder (so that only you can see and use them) or in the Shared Searches folder (so that other users can see and use). In ALIM Web, saved searches are referred to as user-defined reports.