Definition, Meaning & Synonyms

ultimate price

Noun

/ˈʌltɪmət praɪs/

Definition

The final cost or value of a product, service, or asset after all considerations are factored in.

Examples

The ultimate price of the car includes taxes, fees, and insurance.
Before you buy the software, calculate the ultimate price after the subscription terms.
Understanding the ultimate price of a home involves considering maintenance and property taxes.

Meaning

The ultimate price refers to the total amount one would need to pay to acquire something, reflecting the total value that encompasses not just the initial purchase cost, but also any additional costs associated with ownership or usage.