Funding: Templeton Religion Trust (Grant Number(s): TRT0391).This article considers how the notions of ‘word’ and ‘conversation’ can contribute to contemporary developments in theological metaphysics by drawing on Christoph Schwöbel’s ontological rendition of Martin Luther’s theology. By way of reading Schwöbel’s theological ontology of conversation with reference to John Milbank’s theology of the gift, this article shows that Schwöbel’s conception of the Trinity as an eternal ‘conversation’ can be understood as an ontology of ‘word-exchange’ in a fashion similar to Milbank’s account of trinitarian ‘gift-exchange’. Moreover, the article argues that Schwöbel’s Lutheran construal of creation as God’s ‘created words’ (verba creata) can present...