Salvage (noun) Definition, Meaning & Examples

noun
    • the act of saving a ship or its cargo from perils of the seas.
    • the property so saved.
    • compensation given to those who voluntarily save a ship or its cargo.
    • the act of saving anything from fire, danger, etc.
    • the property so saved.
  1. the value or proceeds upon sale of goods recovered from a shipwreck, fire, etc.
  2. the act of saving something of use or value from destruction, damage, ruin, loss, or waste: The salvage of carcass parts for pharmaceutical or research use is permitted if it does not interfere with sanitary operations.
verb (used with object), sal·vaged, sal·vag·ing.
  1. to save or rescue (property) from shipwreck, fire, or other peril.
  2. to save from destruction, damage, ruin, or loss: A new achievement was the only way to salvage his reputation.
  3. to preserve (a useful or valuable part) from something otherwise wasted, discarded, or deemed a failure: We purchase end-of-life vehicles and salvage scrap metal.I tried to salvage the unburnt part of the cornbread.The team has a chance to salvage some degree of glory from a dismal season.
noun
  1. the act, process, or business of rescuing vessels or their cargoes from loss at sea
    • the act of saving any goods or property in danger of damage or destruction
    • (as modifier)
  2. the goods or property so saved
  3. compensation paid for the salvage of a vessel or its cargo
  4. the proceeds from the sale of salvaged goods or property
verb (tr)
  1. to save or rescue (goods or property) from fire, shipwreck, etc
  2. to gain (something beneficial) from a failure
Salvage (noun) Definition, Meaning & Examples

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