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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….

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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.

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.

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 …

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 …

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