\lˈa͡ɪfta͡ɪm kˈɒst], \lˈaɪftaɪm kˈɒst], \l_ˈaɪ_f_t_aɪ_m k_ˈɒ_s_t]\
Definitions of LIFETIME COST
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The total cost incurred by possessing certain goods over their lifetime. This is added on to purchase cost. Maintenance, insurance, renovation, and the like are typical add-on costs. These extra costs may tally higher than the original cost of the goods itself when tallied together over the lifetime of the goods.
By Henry Campbell Black
Word of the day
- relating to covered with or resembling freckles Freckled; speckled; bearing numerous small dots. Affected with lentigo.