total cost of ownership - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “total cost of ownership”

total cost of ownership

noun [U]
 
 
( abbreviation tco) ACCOUNTING
a calculation of all the costs involved in buying and using a product over time: Outsourcing services can dramatically cut the total cost of ownership.
(Definition of total cost of ownership from the Cambridge Business English Dictionary © Cambridge University Press)
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