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The phrase "assumed to mean" is correct and usable in written English.
It can be used when discussing interpretations or meanings that are taken for granted or accepted without direct evidence.
Example: "In this context, the term is often assumed to mean a lack of interest in the subject matter."
Alternatives: "presumed to signify" or "taken to imply".
Exact(35)
This was wrongly assumed to mean 'Future England captain'.
Anyway, where North Korea is concerned, improbable should not be assumed to mean untrue.
But, they added, that shouldn't be assumed to mean that the risk is minimal.
The need for upward communication is often ignored, or assumed to mean nothing more than feedback.
In general, a display status of None is assumed to mean that no high-level processing of accidentals has happened.
Mr. Cahill did not use the word dredging; instead, he called for "active remediation," a term widely assumed to mean dredging.
Similar(25)
where k is some positive quantity assumed to have mean one and variance θ.
The random error term εijk captures all other unexplained variation, and is assumed to have mean 0 and variance σ2.
Each of these variables was assumed to have mean 0 and a variance denoted by ω, which was estimated.
Each of these variables is assumed to have mean 0 and a variance denoted by ω, 2 which is estimated.
The residuals δ ik are assumed to have mean zero and covariance Δ within individuals but are independent across individuals.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com