imputed value

noun

plural imputed values
economics
: a calculated estimate of the monetary value of a thing (such as a good, asset, or service) whose value is unknown or unrealized
There are exceptions where important nonmarket activities are given an imputed value and are included in GNP [gross national product]. For example, the value of food grown and consumed by farm families is given an imputed value and counted in GNP …Tyrone Black and Donnie Daniel
What seems to be drawing the most ire is that the Treasury's computations also count the "imputed" value of housing. Thus, if you have paid off your mortgage, officials calculate your income as including what you otherwise would have had to pay in rent.Art Pine

Word History

First Known Use

1909, in the meaning defined above

Time Traveler
The first known use of imputed value was in 1909

Browse Nearby Words

Cite this Entry

“Imputed value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/imputed%20value. Accessed 1 Sep. 2026.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!