The meaning of SALVAGE is compensation paid for saving a ship or its cargo from the perils of the sea or for the lives and property rescued in a wreck. How to use salvage in a sentence.

SALVAGE definition: 1. to save goods from damage or destruction, especially from a ship that has sunk or been damaged….

Aug 22, 2025 · Discover what salvage value means, how it's calculated, and see examples of its role in depreciation schedules to better manage your financial assets.

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In North America, a salvage title is a form of vehicle title branding, which notes that the vehicle has been damaged and/or deemed a total loss by an insurance company that paid a claim on it.

Collocations: the salvage of [parts, possessions, materials, metals], salvage (obtained) from the [wreck, blast, earthquake], salvage taken from the [car, vehicle], more...

to preserve (a useful or valuable part) from something otherwise wasted, discarded, or deemed a failure: I tried to salvage the unburnt part of the cornbread. We purchase end-of-life vehicles and salvage …

SALVAGE meaning: 1 : the act of saving something (such as a building, a ship, or cargo) that is in danger of being completely destroyed; 2 : something (such as cargo) that is saved from a wreck, fire, …

salvage 1. the recovery of a ship or its contents or cargo after damage or sinking. 2. the material recovered and the compensation to those who recover it. 3. the rescue and use of any found or …

Dec 14, 2025 · salvage (countable and uncountable, plural salvages) The rescue of a ship, its crew and passengers or its cargo from a hazardous situation. The ship, crew or cargo so rescued. The …