In the mathematical theory of knots, a finite type invariant, or Vassiliev invariant, is a knot invariant that can be extended to an invariant of certain singular knots that vanishes on singular knots with m + 1 singularities and does not vanish on some singular knot with 'm' singularities. It is then said to be of type or order m. We give the combinatorial definition of finite type invariant due to Goussarov, and Joan Birman and Xiao-Song Lin. Let V be a knot invariant. Define V1 to be defined on a knot with one transverse singularity. Consider a knot K to be a smooth embedding of a circle into. Let K' be a smooth immersion of a circle into with one transverse double point. Then where is obtained from K by resolving the double point by pushing up one strand above the other, and K_- is obtained similarly by pushing the opposite strand above the other. We can do this for maps with two transverse double points, three transverse double points, etc., by using the above relation. For V to be of finite type means precisely that there must be a positive integer m such that V vanishes on maps with transverse double points. Furthermore, note that there is notion of equivalence of knots with singularities being transverse double points and V should respect this equivalence. There is also a notion of finite type invariant for 3-manifolds.
Michael Polyak and Oleg Viro gave a description of the first nontrivial invariants of orders 2 and 3 by means of Gauss diagram representations. Mikhail N. Goussarov has proved that all Vassiliev invariants can be represented that way.
The universal Vassiliev invariant
In 1993, Maxim Kontsevich proved the following important theorem about Vassiliev invariants: For every knot one can compute an integral, now called the Kontsevich integral, which is a universal Vassiliev invariant, meaning that every Vassiliev invariant can be obtained from it by an appropriate evaluation. It is not known at present whether the Kontsevich integral, or the totality of Vassiliev invariants, is a complete knot invariant. Computation of the Kontsevich integral, which has values in an algebra of chord diagrams, turns out to be rather difficult and has been done only for a few classes of knots up to now. There is no finite-type invariant of degree less than 11 which distinguishes mutant knots.