LIFETIME COST
\lˈa͡ɪfta͡ɪm kˈɒst], \lˈaɪftaɪm kˈɒst], \l_ˈaɪ_f_t_aɪ_m k_ˈɒ_s_t]\
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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
