Netback Definition

nĕtbăk
noun
The value of a unit of crude oil or natural gas calculated as the sales price of the products refined from it minus the cost of producing those products.
American Heritage

Other Word Forms of Netback

Noun

Singular:
netback
Plural:
netbacks

Origin of Netback

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

    From Wiktionary

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Unscrambles

netback