The recoded engram is the episodic memory that is created by the process of recoding.  The recoded engram combines the information from the original engram with information from the interpolated event to produce a new long-term episodic memory.  Note that the observer may not be able to differentiate between the original engram and the recoded engram.  Inaccurate or misleading information from an interpolated event can become part of the recoded engram and the observer cannot differentiate between portions of the engram that are "real" and those that are created through the process of recoding.  There are many cases where therapy has led to the creation of "false memories".  Unfortunately for the observer, the false memories are real to them.