Salvage meaning
Something saved from destruction or waste and put to further use.
noun
Salvage is the act of saving something such as a ship or its cargo, the actual thing which is saved or the value of the goods saved.
An example of salvage is the protecting of cargo from going overboard.
An example of salvage is the fixing of a science project that has been destroyed.
noun
Salvage is defined as to save from something.
An example of salvage is to fix a cake that has begun to burn.
verb
The rescue of a ship or its cargo from fire or shipwreck.
noun
The ship or cargo saved in such a rescue.
noun
Advertisement
Award given to those who aid in such a rescue when under no obligation to do so, especially in the form of a portion of the cargo.
noun
The recovery of a sunken ship or its cargo by divers or submersibles.
noun
The act of saving imperiled property from loss.
noun
The property so saved.
noun
To save from loss or destruction.
verb
Advertisement
To save (discarded or damaged material) for further use.
verb
The voluntary rescue of a ship or its cargo at sea from peril such as fire, shipwreck, capture, etc.
noun
Compensation paid for such a rescue.
noun
The ship or cargo so rescued.
noun
The recovery of a sunken or wrecked ship or its cargo as by divers.
noun
Advertisement
The saving or rescue of any goods, property, etc. from destruction, damage, or waste.
noun
Any material, goods, etc. thus saved and sold or put to use.
noun
The value, or proceeds from the sale, of such goods, specif. of damaged goods, as involved in insurance claim settlements.
noun
To save or rescue from shipwreck, fire, flood, etc.; engage or succeed in the salvage of (ships, goods, etc.)
verb
In general, it is the value of a piece of equipment or other property after it has been functionally rendered useless for the purpose for which it was intended. In the case of a totally wrecked automobile, for example, it is the depreciated value of whatever usable parts that can be resold in used condition, plus the value per pound of the remaining scrap metal; in maritime law it’s compensation for a service voluntarily given to a vessel in peril that removes it from danger by the sea; in insurance law, the first definition applies, with the proviso that the amount of salvage is deducted from what is paid to the insured.
noun
Advertisement
The ship, crew or cargo so rescued.
noun
The similar rescue of property liable to loss; the property so rescued.
noun
Anything that has been put to good use that would otherwise have been wasted.
noun
Advertisement
Of discarded goods, to put to use.
verb
To make new or restore for the use of being saved.
verb
Advertisement
Origin of salvage
Obsolete French from Old French salvaige right of salvage from Late Latin salvāre from Latin salvus safe sol- in Indo-European roots