Definition of Imputed cost:
Imputed cost is also known as "implicit cost," "implied cost," or "opportunity cost.".
Alternative term for implied cost.
An imputed cost is a cost that is incurred by virtue of using an asset instead of investing it or undertaking an alternative course of action. An imputed cost is an invisible cost that is not incurred directly, as opposed to an explicit cost, which is incurred directly.
Meaning of Imputed cost & Imputed cost Definition