Definitions from Wikipedia (Lattice model)

▸ noun:  In mathematical physics, a lattice model is a mathematical model of a physical system that is defined on a lattice, as opposed to a continuum, such as the continuum of space or spacetime.
▸ noun:  In quantitative finance, a lattice model is a mathematical approach to the valuation of derivatives in situations requiring a discrete time model.
▸ noun:  Lattice models in biophysics represent a class of statistical-mechanical models which consider a biological macromacromolecule (such as DNA, protein, actin, etc.) as a lattice of units, each unit being in different states or conformations.


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