The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LIFETIME COST Definition & Legal Meaning

Definition & Citations:

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.


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