If you start with a three phase, 120/208 volt system, and if you connect a load between two phases, you will get 208 volts to the load, and the neutral wire will not be part of the circuit. Any current that flows from the source via one ungrounded conductor, and passes through the load, will return to the source via the other ungrounded conductor.
So there is a ?return path,? and you don?t need a neutral to have a ?return path.?
I have heard the word ?common? used in connection with DC systems, but not in connection with AC systems. I have also heard (long ago) the phrases ?hot leg? and ?cold leg,? referring to the phase conductor and the neutral. The correct terms are ?ungrounded conductor? and ?grounded conductor.?
Does that answer your question?