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….

Salvage definition: the act of saving a ship or its cargo from perils of the seas.. See examples of SALVAGE used in a sentence.

Salvage may refer to: Marine salvage, the process of rescuing a ship, its cargo and sometimes the crew from peril Water salvage, rescuing people from floods. Salvage tug, a type of tugboat …

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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.

to save or rescue from shipwreck, fire, flood, etc.; engage or succeed in the salvage of (ships, goods, etc.)

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