Words / I / Law

imputation

/ˌɪmpjʊˈteɪʃn/

C2CEFR level
90/100Rarity: very rare
TechnicalRegister

Law noun

A system that attributes corporation tax paid to shareholders as a credit against tax on their dividends.

Under the imputation system, franked dividends carried a credit for the underlying tax.

Topic: Tax law in Legal English

Business noun

The substitution of estimated values for missing entries so a dataset can be analyzed without gaps.

Rather than drop the incomplete rows, we ran median imputation on the missing income field.

Similar: gap-filling

Topic: Data & analytics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Tax law