Meaning of “life cycle cost” in the English Dictionary

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"life cycle cost" in Business English

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life cycle costnoun [ C ]

also lifecycle cost uk us

PRODUCTION, MARKETING the total money that has to be spent on a product, process, activity, etc. during its existence:

The life cycle cost estimate for the program was $13.8 billion.

(Definition of “life cycle cost” from the Cambridge Business English Dictionary © Cambridge University Press)