total cost of ownership Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “total cost of ownership” in the English Dictionary

"total cost of ownership" in Business English

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total cost of ownershipnoun [U]

uk   us   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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