netback en · NOUN
Etymology
From net + back. The term was widely adopted by the oil industry in the second half of 1985.
Meanings
- (countable, qualifier:oil industry, uncountable) Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| net-back | alternative | lexicographic | |
| netbacks | Number=Plur | lexicographic | |
| net back | alternative | lexicographic |