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netback. In DICTIOUS you will not only get to know all the dictionary meanings for the word
netback, but we will also tell you about its etymology, its characteristics and you will know how to say
netback in singular and plural. Everything you need to know about the word
netback you have here. The definition of the word
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netback, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
From net + back. The term was widely adopted by the oil industry in the second half of 1985.
Noun
netback (countable and uncountable, plural netbacks)
- (oil industry) Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.