Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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)
What is the pronunciation of total cost of ownership?
Add Cambridge dictionaries to your browser to your website

Word of the Day


a small company that makes beer, usually using traditional methods, and often has a restaurant where its beer is served

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More