Definition: TCO is an abbreviation for Total Cost of Ownership. It is a calculation designed to help people make more informed financial decisions. Rather than just looking at the purchase price of an object, TCO looks at the complete cost from purchase to disposal.
See more at Total Cost of Ownership (TCO)
Also Known As: total cost of ownership
Examples: A less expensive asset that requires high maintenance and support may have a higher TCO than a more expensive asset that doesn't need as much support.
