This is the type of thing I have been working on for school:
The sacred author’s intended meaning is the critical starting point but not an end in itself. The task of hermeneutics must begin with exegesis but is not complete until one notes the contextualization of that meaning for today. These are the two aspects entailing what E. D. Hirsch calls “meaning” and “significance” or the intended meaning for the author and his readers as well as its significance for the modern reader.
The author’s intended meaning is a core that is unvarying. The significance is multiform and includes the implications of a text for individual readers as an application of the original meaning that varies depending on the diverse circumstances.