Imputed? Or bestowed?

We can now see that the Torah, situated in the covenant, includes all three of these focus elements (justice, purity, and faithfulness), but more than all of them as it gives examples of the order that will define Yahweh’s identity (= holiness). The attribute of holiness (the status conferred on Israel) is the underlying reason why justice, faithfulness, and purity are necessary. Upon the ratification of the covenant, Israel receives its holy status. Holiness is therefore not the stipulation of the covenant and not simply an amalgam of conditions such as justice, purity, or faithfulness.—Walton and Walton, The Lost World of the Torah, 109