salvage

salvage: sal·vage /'sal-vij/ n

1 a: compensation paid for saving a ship or its cargo from the perils of the sea or for recovering it from an actual loss (as in a shipwreck)

b: the act of saving or rescuing a ship or its cargo

c: the act of saving or rescuing property in danger (as from fire)

2 a: property saved from destruction (as in a wreck or fire)

b: damaged property acquired by an insurer after payment for the loss compare abandonment 1d

salvage: I noun conservation, deliverance, extrication, property saved, recapture, reclaimed materials, reclamation, recoupment, recovery, redemption, remains, reoccupation, repossession, rescue, retrieval, return, salvation, scrap associated concepts: equitable salvage, net salvage, salvage charges, salvage loss, salvage service II index recover, recovery (repossession), rehabilitate, renew (refurbish), renewal, renovate, repair, reparation (keeping in repair), replevin, rescue, save (conserve)

salvage: n.
The goods retrieved after the destruction or damage of a building or other property, or the value of those goods; the cargo retrieved from a wrecked ship or other vessel; the goods remaining after some destruction that are claimed by the insurer after it pays the owner for the loss; the act of rescuing goods from destruction.
v.
salvage

salvage: a sum payable to a person who saves a ship or its cargo from certain loss. It is not due by contract and, indeed, agreement excludes salvage. It resembles restitution in that the recipient of the salved goods is enriched by the effort of the salvor. It does not precisely fit the scheme of restitution, seen as redressing unjust enrichment, because salvage awards are usually much higher than the expense involved in the rescue.

salvage: 1) To save goods.

2) Payment to a person or group that saves cargo from a shipwreck.

Category: Business, LLCs & Corporations

salvage: n. 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.

salvage: The portion of goods or property that has been saved or remains after some type of casualty, such as a fire.

salvage: The portion of goods or property that has been saved or remains after some type of casualty, such as a fire.

salvage: 1) v. to save goods.

2) n. payment to a person or group which saves cargo from a shipwreck.

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Salvage — may refer to:* Salvage (Transformers), an Autobot from Transformers * Salvage archaeology, an archaeological survey and excavation carried out in areas threatened by construction or development * Salvage data, the process of extracting data from… … Wikipedia
salvage — sal‧vage [ˈsælvɪdʒ] verb [transitive] 1. to save goods or property from a situation in which things have already been damaged or destroyed: • Unsuccessful attempts were made to salvage the ship immediately after it sank. 2. if someone salvages a… … Financial and business terms
Salvage 1 — Genre Science fiction Created by Mike Lloyd Ross Starring Andy Griffith Joel Higgins Trish Stewart Richard Jaeckel Jacqueline Scott J. Jay Saunders Heather McAdam … Wikipedia
Salvage — Sal vage (?; 48), n. [F. salvage, OF. salver to save, F. sauver, fr. L. salvare. See {Save}.] 1. The act of saving a vessel, goods, or life, from perils of the sea. [1913 Webster] Salvage of life from a British ship, or a foreign ship in British… … The Collaborative International Dictionary of English
salvage — (n.) 1640s, payment for saving a ship from wreck or capture, from Fr. salvage, from O.Fr. salver to save (see SAVE (Cf. save)). The general sense of the saving of property from danger is attested from 1878. Meaning recycling of waste material is… … Etymology dictionary
salvage — [sal′vij] n. [Fr < MFr < salver, to SAVE1] 1. a) the voluntary rescue of a ship or its cargo at sea from peril such as fire, shipwreck, capture, etc. b) compensation paid for such a rescue c) the ship or cargo so rescued d) th … English World dictionary
Salvage — Sal vage, a. & n. Savage. [Obs.] Spenser. [1913 Webster] … The Collaborative International Dictionary of English
Salvage — (franz., spr. ßalwāsch ), soviel wie Berge oder Hilfslohn, vgl. Bergen … Meyers Großes Konversations-Lexikon
Salvage — (engl., spr. ßällwĕdsch), Bergegeld (s. Bergen) … Kleines Konversations-Lexikon
salvage — [v] save, rescue deliver, get back, glean, ransom, reclaim, recover, redeem, regain, restore, retrieve, salve; concept 134 Ant. endanger, harm, hurt, injure, lose, waste … New thesaurus

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