Conversational refers to the quality of being like a conversation; it can describe something that is informal, natural, and interactive, resembling the give-and-take of a spoken conversation between two or more people. It can be used to describe communication style, language use, or even technology, such as conversational AI.
Netback purchase
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Refers to a crude oil purchase agreement wherein the price paid for the crude is determined by sales prices of the types of products that are derivable from that crude as well as other considerations (e.g., transportation and processing costs). Typically, the price is calculated based on product prices extant on or near the cargos date of importation.
Netback purchase meaning & definition 1 of Netback purchase.
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