NETBACK Definition

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NETBACK is linkage of the price of crude oil to the market price of products refined from it.

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PLEDGED ACCOUNTS RECEIVABLE is short-term borrowing from financial institutions where the loan is secured by accounts receivable. The lender may physically take the accounts receivable but typically has recourse to the borrower; also called discounting of accounts receivable.

MARSHALLING is to make ready for action or use, e.g., the marshalling of resources.

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