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

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 ​totalcost of ​ownership.
(Definition of total cost of ownership from the Cambridge Business English Dictionary © Cambridge University Press)
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