salvage

salvage
1) Goods, property, etc. , saved from a shipwreck or from a fire. If a cargo is treated as a total loss for insurance purposes, there still may be salvagable items that have a salvage value; these may be sold by the insurers or allowed for in the settlement of their claim.
2) A reward paid to persons who help to save a ship, goods, etc. , voluntarily and at some danger to themselves. Salvage money cannot be paid to anyone responsible for the care of the ship. The reward is paid by the owners of the ship or the cargo and the salvors have a lien on the property rescued for the salvage money.

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  • 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… …   Law dictionary

  • 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 — 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 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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