A general result is proven concerning time-variant displacement equati
ons with positive solutions in a general operatorial setting. It is th
en shown that the solutions of several completion problems, recently c
onsidered in connection with classical interpolation and moment theory
, follow as special cases of the main result. The main purpose of this
paper is to show that under supplementary finite-dimensionality condi
tions, a so-called generalized Schur algorithm, which naturally arises
in connection with displacement equations, can be used to prove the a
bove-mentioned result. The associated transmission-line interpretation
is also discussed in terms of a cascade of elementary sections with i
ntrinsic blocking properties.