netback

Definition from Wiktionary, the free dictionary
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English[edit]

Alternative forms[edit]

Etymology[edit]

From net +‎ back. The term was widely adopted by the oil industry in the second half of 1985.

Noun[edit]

netback (plural netbacks)

  1. (oil industry) Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.